LSV Asset Management Decreases Stock Holdings 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 lowered its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,152,539 shares of the company's stock after selling 20,583 shares during the period. LSV Asset Management owned 1.81% of Victory Capital worth $66,697,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Covestor Ltd lifted its position in Victory Capital by 3,207.1% during the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after purchasing an additional 449 shares during the last quarter. Versant Capital Management Inc bought a new stake in Victory Capital during the first quarter valued at approximately $34,000. Opal Wealth Advisors LLC bought a new stake in Victory Capital during the first quarter valued at approximately $37,000. TD Private Client Wealth LLC lifted its position in Victory Capital by 17.8% during the first 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 stake in Victory Capital during the first quarter valued at approximately $131,000. Hedge funds and other institutional investors own 87.71% of the company's stock.

Victory Capital Trading Down 0.8%

Shares of VCTR traded down $0.55 during mid-day trading on Wednesday, reaching $68.69. The company's stock had a trading volume of 76,520 shares, compared to its average volume of 405,821. The stock has a market cap of $4.62 billion, a PE ratio of 15.35, a P/E/G ratio of 0.77 and a beta of 1.04. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a 52 week low of $45.14 and a 52 week high of $73.42. The company's fifty day moving average price is $65.11 and its two-hundred day moving average price is $62.53.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its 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). Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. The firm had revenue of $219.60 million during the quarter, compared to analysts' expectations of $226.38 million. During the same period in the previous year, the firm earned $1.25 earnings per share. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. On average, analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th were paid a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. 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 2.9%. Victory Capital's payout ratio is presently 43.65%.

Analyst Ratings Changes

VCTR has been the subject of several research analyst reports. Barclays lifted their target price on shares of Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. UBS Group dropped 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 boosted their price objective 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. JPMorgan Chase & Co. lowered their price objective on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, Wall Street Zen lowered shares of Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently 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.