Victory Capital Holdings, Inc. $VCTR Shares Sold by Greenwood Capital Associates LLC

Key Points

• Greenwood Capital Associates LLC has reduced its stake in Victory Capital Holdings, Inc. by 32.9%, selling 4,362 shares and holding 8,912 shares valued at $567,000.
• Victory Capital reported earnings per share of $1.57 for the last quarter, exceeding estimates, and its revenue increased 59.9% year-over-year.
• The company has declared a quarterly dividend of $0.49, resulting in an annualized dividend yield of 3.0% with a payout ratio of 48.40%.

Greenwood Capital Associates LLC decreased its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 32.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,912 shares of the company's stock after selling 4,362 shares during the quarter. Greenwood Capital Associates LLC's holdings in Victory Capital were worth $567,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in VCTR. Maseco LLP acquired a new position in shares of Victory Capital in the 2nd quarter worth approximately $30,000. Versant Capital Management Inc acquired a new position in shares of Victory Capital in the 1st quarter worth approximately $34,000. Opal Wealth Advisors LLC acquired a new position in shares of Victory Capital in the 1st quarter worth approximately $37,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Victory Capital in the 1st quarter worth approximately $41,000. Finally, Farther Finance Advisors LLC grew its position in shares of Victory Capital by 1,048.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,504 shares of the company's stock worth $96,000 after acquiring an additional 1,373 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

Victory Capital Stock Up 2.1%

Shares of Victory Capital stock opened at $65.38 on Friday. The business's fifty day moving average price is $69.14 and its two-hundred day moving average price is $64.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $4.37 billion, a P/E ratio of 16.14, a PEG ratio of 0.68 and a beta of 1.07. Victory Capital Holdings, Inc. has a 1-year low of $47.00 and a 1-year high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its earnings results 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 the consensus estimate of $348.89 million. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The firm's revenue for the quarter was up 59.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.31 EPS. As a group, research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Wednesday, September 10th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, September 10th. Victory Capital's payout ratio is currently 48.40%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. 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 report on Monday, August 18th. Weiss Ratings restated a "buy (b)" rating on shares of Victory Capital in a research report on Saturday, September 27th. B. Riley boosted their price objective on Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Barclays boosted their price objective on Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $76.00 price objective on shares of Victory Capital in a research report on Tuesday, September 23rd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Victory Capital presently has an average rating of "Moderate Buy" and an average price target of $73.78.

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.

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