Van Berkom & Associates Inc. Sells 13,117 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Key Points

• Van Berkom & Associates Inc. reduced its holdings in Victory Capital Holdings, Inc. by 0.7%, now owning approximately 1.8 million shares and making it their third-largest holding.
• Victory Capital recently declared a quarterly dividend of $0.49, an increase from the previous $0.47, representing an annual yield of 2.77%.
• Analysts have mixed ratings on Victory Capital, with five analysts rating it as a "buy" and five as a "hold," while the average price target stands at $72.22.

Van Berkom & Associates Inc. lessened its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,800,945 shares of the company's stock after selling 13,117 shares during the period. Victory Capital makes up approximately 3.3% of Van Berkom & Associates Inc.'s holdings, making the stock its 3rd largest position. Van Berkom & Associates Inc. owned about 2.83% of Victory Capital worth $104,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Covestor Ltd increased its holdings in shares of Victory Capital by 3,207.1% in the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after buying an additional 449 shares during the last quarter. Versant Capital Management Inc bought a new position in Victory Capital during the 1st quarter valued at about $34,000. Opal Wealth Advisors LLC bought a new position in Victory Capital during the 1st quarter valued at about $37,000. TD Private Client Wealth LLC grew its holdings in Victory Capital by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock valued at $126,000 after purchasing an additional 329 shares during the last quarter. Finally, KBC Group NV bought a new position in Victory Capital in the 1st quarter worth about $131,000. Hedge funds and other institutional investors own 87.71% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on VCTR shares. Bank of America dropped their target price on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. UBS Group decreased their target price on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. B. Riley upped their price target on shares of Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. 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. Finally, Royal Bank Of Canada increased their price objective on shares of Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.22.

Victory Capital Trading Up 1.0%

Shares of Victory Capital stock traded up $0.71 on Wednesday, reaching $70.75. The company had a trading volume of 140,597 shares, compared to its average volume of 402,094. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $4.76 billion, a PE ratio of 15.79, a PEG ratio of 0.77 and a beta of 1.03. The firm's 50 day moving average price is $64.40 and its two-hundred day moving average price is $62.37. Victory Capital Holdings, Inc. has a 52-week low of $43.82 and a 52-week high of $73.42.

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

Victory Capital Increases Dividend

The firm also recently declared 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 an increase from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.96 annualized dividend and a yield of 2.77%. Victory Capital's dividend payout ratio is 43.65%.

About Victory Capital

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.