Victory Capital Holdings, Inc. $VCTR Stock: Van Berkom & Associates Inc. Lowers Position

Key Points

• Van Berkom & Associates cut its Victory Capital stake by 26.6% in the third quarter, selling 326,041 shares; it still held 898,526 shares worth about $99.4 million.
• Victory Capital slightly missed quarterly earnings expectations, reporting $1.98 per share versus the $1.99 consensus, and revenue of $396.6 million versus $411.2 million expected.
• The company declared a quarterly dividend of $0.50 per share, equivalent to a 1.6% yield. Analysts’ consensus rating was Hold, with an average price target of $119.50.

Van Berkom & Associates Inc. trimmed its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 26.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 898,526 shares of the company's stock after selling 326,041 shares during the period. Victory Capital makes up about 3.5% of Van Berkom & Associates Inc.'s holdings, making the stock its 2nd biggest position. Van Berkom & Associates Inc. owned approximately 1.46% of Victory Capital worth $99,377,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Nykredit A S purchased a new position in Victory Capital during the 2nd quarter valued at about $26,000. Root Financial Partners LLC acquired a new position in shares of Victory Capital in the 3rd quarter valued at about $34,000. Public Employees Retirement System of Ohio acquired a new position in shares of Victory Capital in the 2nd quarter valued at about $44,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Victory Capital in the first quarter worth approximately $46,000. Finally, USA Financial Formulas purchased a new stake in shares of Victory Capital in the third quarter worth approximately $74,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Price Performance

NASDAQ VCTR opened at $126.80 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $7.80 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 0.56 and a beta of 1.12. The company has a 50 day moving average price of $110.96 and a two-hundred day moving average price of $90.62. Victory Capital Holdings, Inc. has a 12-month low of $60.70 and a 12-month high of $128.51.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.01). Victory Capital had a return on equity of 24.46% and a net margin of 28.58%. The business had revenue of $396.57 million during the quarter, compared to the consensus estimate of $411.23 million. As a group, equities analysts predict that Victory Capital Holdings, Inc. will post 7.78 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Thursday, December 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, December 10th. Victory Capital's payout ratio is presently 36.76%.

Wall Street Analyst Weigh In

Several analysts recently commented on VCTR shares. Barclays raised their price target on shares of Victory Capital from $121.00 to $126.00 and gave the stock an "equal weight" rating in a report on Friday. Morgan Stanley upped their price objective on shares of Victory Capital from $115.00 to $119.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 28th. UBS Group set a $117.00 price objective on shares of Victory Capital in a research note on Friday, August 28th. Weiss Ratings upgraded shares of Victory Capital from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Thursday, October 8th. Finally, Wall Street Zen lowered shares of Victory Capital from a "buy" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Victory Capital presently has an average rating of "Hold" and a consensus price target of $119.50.

Victory Capital Company Profile

Victory Capital Holdings, Inc is an investment management firm that provides services to institutional investors, financial intermediaries and individual investors. Its offerings include mutual funds, exchange-traded funds, separately managed accounts and other investment strategies across a range of asset classes.

Founded in 2013 and headquartered in San Antonio, Texas, the company operates through a group of investment franchises with distinct investment approaches. Victory Capital serves clients in the United States and internationally.

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