LSV Asset Management Cuts Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Key Points

• LSV Asset Management has reduced its stake in Victory Capital Holdings, owning approximately 1.81% of the company after selling over 20,000 shares.
• Victory Capital recently declared a quarterly dividend of $0.49 per share, marking a increase from its previous dividend of $0.47.
• The company reported earnings per share of $1.36 for the last quarter, falling short of analyst expectations, with revenues also below consensus estimates.

LSV Asset Management lessened its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,152,539 shares of the company's stock after selling 20,583 shares during the quarter. LSV Asset Management owned about 1.81% of Victory Capital worth $66,697,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in Victory Capital by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 3,966,221 shares of the company's stock worth $259,629,000 after buying an additional 79,240 shares during the last quarter. Capital World Investors raised its position in Victory Capital by 0.4% during the 4th quarter. Capital World Investors now owns 3,231,009 shares of the company's stock worth $211,502,000 after buying an additional 11,654 shares during the last quarter. Bank of America Corp DE raised its position in Victory Capital by 46.8% during the 4th quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock worth $94,159,000 after buying an additional 458,534 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Victory Capital by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,425,568 shares of the company's stock worth $93,320,000 after buying an additional 33,090 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Victory Capital by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,044,511 shares of the company's stock worth $68,390,000 after buying an additional 7,786 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Victory Capital Trading Down 1.8%

Shares of VCTR stock traded down $1.22 during trading hours on Thursday, hitting $67.98. 50,917 shares of the company were exchanged, compared to its average volume of 406,689. The firm has a market cap of $4.57 billion, a PE ratio of 15.18, a PEG ratio of 0.77 and a beta of 1.04. Victory Capital Holdings, Inc. has a 1 year low of $45.78 and a 1 year high of $73.42. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average of $65.25 and a 200 day moving average of $62.58.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.36 earnings per share 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 company had revenue of $219.60 million for the quarter, compared to analysts' expectations of $226.38 million. During the same quarter in the previous year, the company earned $1.25 earnings per share. The company's revenue was up 1.7% on a year-over-year basis. Analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VCTR. Wall Street Zen cut shares of Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group lowered their price objective on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Royal Bank Of Canada increased their price objective on shares of Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Barclays increased their price objective 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, 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. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $72.22.

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.