Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Victory Capital Holdings, Inc. by 9.7%, owning 89,986 shares worth approximately $5.2 million after the sale.
• Analysts have mixed opinions on the stock, with target prices ranging from $62.00 to $74.00, and an average rating of "Moderate Buy" based on market sentiment.
• Victory Capital reported a quarterly EPS of $1.36, missing estimates and showing a 1.7% revenue increase compared to the same period last year.

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,986 shares of the company's stock after selling 9,656 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of Victory Capital worth $5,207,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bosun Asset Management LLC boosted its position in shares of Victory Capital by 1.4% in the fourth quarter. Bosun Asset Management LLC now owns 13,016 shares of the company's stock worth $852,000 after purchasing an additional 176 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of Victory Capital by 4.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company's stock worth $366,000 after buying an additional 218 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Victory Capital by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company's stock worth $282,000 after buying an additional 273 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Victory Capital by 0.4% in the first quarter. Moody National Bank Trust Division now owns 81,175 shares of the company's stock worth $4,698,000 after buying an additional 291 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Victory Capital by 17.8% in the first quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock worth $126,000 after buying an additional 329 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Trading Down 0.8%

Shares of VCTR traded down $0.57 during midday trading on Monday, hitting $70.07. The stock had a trading volume of 323,611 shares, compared to its average volume of 901,805. The firm has a market cap of $4.71 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.78 and a beta of 1.03. Victory Capital Holdings, Inc. has a 1 year low of $43.82 and a 1 year high of $73.42. The stock's 50 day moving average is $64.16 and its 200 day moving average is $62.25. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.09.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.02). Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. The business had revenue of $219.60 million for the quarter, compared to the consensus estimate of $226.38 million. During the same quarter in the previous year, the company earned $1.25 earnings per share. The firm's revenue was up 1.7% on a year-over-year basis. As a group, analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th were given a $0.49 dividend. This is a positive change from Victory Capital's previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Tuesday, June 10th. Victory Capital's dividend payout ratio (DPR) is presently 43.65%.

Analyst Ratings Changes

VCTR has been the topic of several research analyst reports. B. Riley boosted their target price on shares of Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Royal Bank Of Canada boosted their target price on shares of Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Wall Street Zen downgraded shares of Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. decreased their price target on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Finally, Barclays upped their price target on shares of Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Victory Capital has a consensus rating of "Moderate Buy" and an average price target of $72.22.

Victory Capital Company 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.