Northern Trust Corp Reduces Stake in Victory Capital Holdings, Inc. $VCTR

Key Points

• Northern Trust Corp has reduced its stake in Victory Capital Holdings, Inc. by 4.2%, now owning 417,400 shares valued at approximately $24.15 million, while other investors have adjusted their positions with notable increases from Allspring Global and Charles Schwab.
• Analysts have provided mixed ratings, with a consensus rating of "Moderate Buy", while recent target prices range from $68.00 to $82.00, suggesting a generally positive outlook for the stock.
• The company recently announced a quarterly dividend of $0.49 per share, representing a 2.7% dividend yield and a payout ratio of 48.40%.

Northern Trust Corp reduced its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 4.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 417,400 shares of the company's stock after selling 18,366 shares during the quarter. Northern Trust Corp owned about 0.66% of Victory Capital worth $24,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of VCTR. Hsbc Holdings PLC increased its stake in shares of Victory Capital by 217.3% during the fourth quarter. Hsbc Holdings PLC now owns 15,353 shares of the company's stock valued at $1,010,000 after buying an additional 10,514 shares during the period. Price T Rowe Associates Inc. MD increased its position in Victory Capital by 32.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,261 shares of the company's stock valued at $1,916,000 after purchasing an additional 7,158 shares during the period. Aptus Capital Advisors LLC purchased a new position in Victory Capital during the 4th quarter valued at about $5,244,000. Ameriprise Financial Inc. raised its holdings in shares of Victory Capital by 197.5% in the 4th quarter. Ameriprise Financial Inc. now owns 11,197 shares of the company's stock valued at $733,000 after purchasing an additional 7,433 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Victory Capital by 46.8% in the 4th quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock worth $94,159,000 after purchasing an additional 458,534 shares during the period. 87.71% of the stock is owned by institutional investors.

Victory Capital Stock Performance

VCTR stock traded down $0.44 during trading on Wednesday, reaching $70.58. The company had a trading volume of 690,053 shares, compared to its average volume of 436,412. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 0.76 and a beta of 1.10. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $73.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a 50-day simple moving average of $68.43 and a 200-day simple moving average of $63.08.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $348.89 million. During the same quarter in the prior year, the business posted $1.31 EPS. Victory Capital's revenue for the quarter was up 59.9% compared to the same quarter last year. As a group, sell-side analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.96 dividend on an annualized basis and a yield of 2.8%. Victory Capital's payout ratio is currently 48.40%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. B. Riley lifted their price target on Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Royal Bank Of Canada boosted their price target on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Wall Street Zen downgraded Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Barclays boosted their target price on shares of Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $73.22.

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.