Squarepoint Ops LLC Reduces Stock Position in Victory Capital Holdings, Inc. $VCTR

Key Points

• Squarepoint Ops LLC cut its Victory Capital stake by 60.5% in the second quarter, selling 65,875 shares and retaining 43,055 shares worth approximately $3.6 million. Institutional investors collectively own 87.71% of VCTR.
• Victory Capital exceeded quarterly expectations, reporting $2.21 in EPS versus the $1.79 consensus and revenue of $435.36 million, above the $386.09 million estimate.
• The company declared a quarterly dividend of $0.50 per share, equal to $2.00 annually and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $105.71.

Squarepoint Ops LLC lessened its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 60.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,055 shares of the company's stock after selling 65,875 shares during the quarter. Squarepoint Ops LLC owned about 0.07% of Victory Capital worth $3,619,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its stake in Victory Capital by 19,350.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company's stock worth $25,000 after buying an additional 387 shares during the last quarter. Nykredit A S acquired a new stake in shares of Victory Capital in the 2nd quarter worth $26,000. Core Wealth Advisors LLC acquired a new stake in shares of Victory Capital in the 4th quarter worth $30,000. Covestor Ltd raised its holdings in shares of Victory Capital by 99.7% during the 4th quarter. Covestor Ltd now owns 669 shares of the company's stock worth $42,000 after acquiring an additional 334 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Victory Capital during the 2nd quarter worth $44,000. Hedge funds and other institutional investors own 87.71% of the company's stock.

Victory Capital Price Performance

Shares of VCTR opened at $110.30 on Friday. Victory Capital Holdings, Inc. has a 1-year low of $57.03 and a 1-year high of $123.55. The stock has a market cap of $6.78 billion, a PE ratio of 20.28, a P/E/G ratio of 0.92 and a beta of 1.09. The firm has a 50-day simple moving average of $106.41 and a two-hundred day simple moving average of $87.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $0.42. The business had revenue of $435.36 million for the quarter, compared to the consensus estimate of $386.09 million. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. As a group, analysts forecast that Victory Capital Holdings, Inc. will post 7.62 EPS for the current year.

Victory Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, September 10th. Victory Capital's dividend payout ratio (DPR) is currently 36.76%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VCTR shares. Morgan Stanley set a $91.00 price objective on shares of Victory Capital in a report on Wednesday, July 29th. Zacks Research raised shares of Victory Capital from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 10th. Wall Street Zen upgraded shares of Victory Capital from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. UBS Group set a $117.00 target price on shares of Victory Capital in a report on Friday, August 28th. Finally, Barclays increased their price target on shares of Victory Capital from $95.00 to $112.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.71.

About Victory Capital

Victory Capital Inc NASDAQ: VCTR is a global investment management company that provides a broad range of investment solutions to individual, institutional, intermediary and retirement investors. The company manages assets through a multiboutique structure designed to preserve the distinct investment approaches of its affiliated investment teams.

Its offerings include actively managed mutual funds, exchange-traded funds, separately managed accounts, institutional strategies, retirement-plan solutions and other portfolio management services.

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