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

A number of other hedge funds also recently bought and sold shares of VCTR. Nuveen LLC purchased a new stake in Victory Capital during the first quarter valued at about $27,274,000. Bank of America Corp DE lifted its stake in Victory Capital by 46.8% during the fourth quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock valued at $94,159,000 after buying an additional 458,534 shares in the last quarter. Annex Advisory Services LLC lifted its stake in Victory Capital by 127.7% during the first quarter. Annex Advisory Services LLC now owns 395,252 shares of the company's stock valued at $22,873,000 after buying an additional 221,690 shares in the last quarter. Public Sector Pension Investment Board purchased a new stake in Victory Capital during the first quarter valued at about $8,349,000. Finally, Vanguard Group Inc. lifted its stake in Victory Capital by 3.3% during the first quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company's stock valued at $236,994,000 after buying an additional 129,055 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VCTR has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group reduced their price target 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. Royal Bank Of Canada increased their price target on shares of Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Barclays increased their price target on shares of Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $72.22.

Victory Capital Price Performance

Shares of VCTR opened at $71.26 on Friday. The firm has a market cap of $4.79 billion, a PE ratio of 17.60, a PEG ratio of 0.78 and a beta of 1.04. The firm's 50 day moving average price is $66.37 and its 200 day moving average price is $62.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.37. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $73.42.

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

Victory Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Wednesday, September 10th will be given a dividend of $0.49 per share. 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 (DPR) is presently 48.40%.

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.

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