Keeley Teton Advisors LLC Sells 11,075 Shares of Victory Capital Holdings, Inc. $VCTR

Key Points

• Keeley Teton Advisors LLC reduced its stake in Victory Capital Holdings by 9.1%, now owning 109,970 shares, making it the fund's 23rd largest position.
• Victory Capital reported $1.57 earnings per share for the last quarter, exceeding analysts' expectations and showcasing a 59.9% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.49 per share, equating to an annualized yield of 2.8%, with the ex-dividend date set for September 10th.

Keeley Teton Advisors LLC reduced its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 9.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,970 shares of the company's stock after selling 11,075 shares during the period. Victory Capital accounts for approximately 0.8% of Keeley Teton Advisors LLC's investment portfolio, making the stock its 23rd biggest holding. Keeley Teton Advisors LLC owned approximately 0.17% of Victory Capital worth $6,364,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in Victory Capital during the 1st quarter worth about $34,000. Opal Wealth Advisors LLC acquired a new stake in Victory Capital during the 1st quarter worth about $37,000. Caitong International Asset Management Co. Ltd acquired a new stake in Victory Capital during the 1st quarter worth about $41,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Victory Capital during the 1st quarter worth about $98,000. Finally, TD Private Client Wealth LLC grew its holdings in Victory Capital by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock worth $126,000 after acquiring an additional 329 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VCTR has been the subject of a number of recent analyst reports. Barclays increased their price target on Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Royal Bank Of Canada increased their price target on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. B. Riley raised their target price on Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Morgan Stanley raised their target price on Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Finally, Wall Street Zen downgraded Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Five 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $73.22.

Victory Capital Stock Down 0.5%

NASDAQ VCTR traded down $0.37 during trading hours on Friday, hitting $71.28. The company's stock had a trading volume of 566,783 shares, compared to its average volume of 642,082. Victory Capital Holdings, Inc. has a 52 week low of $47.00 and a 52 week high of $73.42. The company has a market capitalization of $4.76 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.39. The company's 50-day simple moving average is $68.07 and its two-hundred day simple moving average is $63.08.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly 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. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The business had revenue of $351.21 million for the quarter, compared to analysts' expectations of $348.89 million. During the same quarter last year, the firm earned $1.31 EPS. The firm's revenue for the quarter was up 59.9% compared to the same quarter last year. Research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

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

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.