Victory Capital Holdings, Inc. $VCTR Shares Sold by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC reduced its stake in Victory Capital Holdings by 3.8%, holding 153,284 shares valued at approximately $8.87 million.
• Victory Capital recently reported earnings per share of $1.57 for the last quarter, exceeding analysts' expectations, with a revenue increase of 59.9% year-over-year.
• The firm announced a quarterly dividend of $0.49 per share, with an annualized yield of 2.8%, set to be paid on September 25th.

Brandywine Global Investment Management LLC lowered its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 153,284 shares of the company's stock after selling 6,010 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.24% of Victory Capital worth $8,871,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wells Fargo & Company MN lifted its holdings in Victory Capital by 8.9% in the fourth quarter. Wells Fargo & Company MN now owns 71,957 shares of the company's stock valued at $4,710,000 after acquiring an additional 5,861 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Victory Capital by 22.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 123,684 shares of the company's stock worth $8,096,000 after acquiring an additional 23,041 shares in the last quarter. Legal & General Group Plc grew its position in shares of Victory Capital by 25.7% in the 4th quarter. Legal & General Group Plc now owns 48,065 shares of the company's stock valued at $3,146,000 after buying an additional 9,812 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Victory Capital during the 4th quarter worth $3,813,000. Finally, Summit Investment Advisors Inc. lifted its position in Victory Capital by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company's stock valued at $282,000 after acquiring an additional 273 shares during the last quarter. Institutional investors own 87.71% of the company's stock.

Victory Capital Stock Performance

NASDAQ VCTR traded up $2.43 on Friday, hitting $72.21. 304,917 shares of the company's stock were exchanged, compared to its average volume of 430,572. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 0.75 and a beta of 1.04. The firm's 50-day moving average price is $66.95 and its two-hundred day moving average price is $62.92. Victory Capital Holdings, Inc. has a fifty-two week low of $47.00 and a fifty-two 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.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The business had revenue of $351.21 million during the quarter, compared to analysts' expectations of $348.89 million. During the same period last year, the firm earned $1.31 EPS. The company's quarterly revenue was up 59.9% compared to the same quarter last year. On average, research analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.96 annualized dividend and a dividend yield of 2.7%. Victory Capital's payout ratio is 48.40%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VCTR shares. UBS Group dropped their price objective on Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Wall Street Zen cut Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. B. Riley raised their price target on Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Morgan Stanley boosted their price objective on Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $72.33.

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.