Invesco Ltd. Lowers Stock Position in Victory Capital Holdings, Inc. $VCTR

Key Points

• Invesco Ltd. has reduced its holdings in Victory Capital Holdings, Inc. by 65.2%, now owning 200,740 shares valued at approximately $11.62 million.
• A number of investment firms have increased their positions in Victory Capital, contributing to institutional investors holding 87.71% of the stock.
• Victory Capital recently declared a quarterly dividend of $0.49, with an annualized yield of 2.7% and a dividend payout ratio of 48.40%.

Invesco Ltd. cut its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 65.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,740 shares of the company's stock after selling 376,181 shares during the period. Invesco Ltd. owned approximately 0.32% of Victory Capital worth $11,617,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Victory Capital by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,570 shares of the company's stock worth $997,000 after purchasing an additional 5,807 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Victory Capital by 3.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 128,061 shares of the company's stock valued at $7,411,000 after buying an additional 4,377 shares in the last quarter. SG Americas Securities LLC bought a new stake in Victory Capital during the 1st quarter valued at about $657,000. KBC Group NV bought a new stake in Victory Capital during the 1st quarter valued at about $131,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Victory Capital by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 511,553 shares of the company's stock valued at $29,604,000 after buying an additional 19,508 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Stock Performance

NASDAQ:VCTR traded down $0.47 during trading hours on Friday, hitting $71.18. 24,652 shares of the company were exchanged, compared to its average volume of 431,598. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 0.76 and a beta of 1.04. Victory Capital Holdings, Inc. has a 52-week low of $47.00 and a 52-week high of $73.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.37. The company's 50 day moving average price is $67.89 and its 200-day moving average price is $63.06.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. The company had revenue of $351.21 million for the quarter, compared to the consensus estimate of $348.89 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. Victory Capital's revenue was up 59.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 EPS. As a group, research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 10th. Victory Capital's dividend payout ratio is presently 48.40%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VCTR. UBS Group decreased their price objective on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Morgan Stanley lifted their price objective on shares of Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. Royal Bank Of Canada boosted their price target on shares of Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Barclays boosted their price target on shares of Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Finally, B. Riley boosted their price target on shares of Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Victory Capital has an average rating of "Moderate Buy" and an average price target of $73.22.

Victory Capital Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.