Vident Advisory LLC Decreases Stock Position in Victory Capital Holdings, Inc. $VCTR

Key Points

• Vident Advisory LLC reduced its stake in Victory Capital Holdings by 28.2% during the 1st quarter, holding approximately $570,000 worth of shares after selling 3,869 shares.
• Victory Capital announced a quarterly dividend of $0.49 per share, with a yield of 2.7%, to be paid on September 25th.
• The company's recent earnings report showed an EPS of $1.57, surpassing expectations, with quarterly revenue increasing by 59.9% compared to the previous year.

Vident Advisory LLC lowered its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 28.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,852 shares of the company's stock after selling 3,869 shares during the quarter. Vident Advisory LLC's holdings in Victory Capital were worth $570,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VCTR. State of Wyoming raised its holdings in Victory Capital by 46.5% during the first quarter. State of Wyoming now owns 6,813 shares of the company's stock worth $394,000 after purchasing an additional 2,161 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Victory Capital during the first quarter worth approximately $613,000. Comerica Bank raised its holdings in Victory Capital by 5.8% during the first quarter. Comerica Bank now owns 7,559 shares of the company's stock worth $437,000 after purchasing an additional 414 shares in the last quarter. Bahl & Gaynor Inc. raised its holdings in Victory Capital by 17.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,825,998 shares of the company's stock worth $105,671,000 after purchasing an additional 268,573 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Victory Capital during the first quarter worth approximately $98,000. Hedge funds and other institutional investors own 87.71% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley lifted their target price 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 target price on shares of Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Wall Street Zen cut shares of Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, 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 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 stock currently has an average rating of "Moderate Buy" and an average target price of $73.22.

Victory Capital Price Performance

Shares of Victory Capital stock traded up $2.63 on Thursday, hitting $71.22. The company's stock had a trading volume of 560,846 shares, compared to its average volume of 442,304. The firm has a fifty day moving average price of $69.27 and a 200-day moving average price of $63.25. 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 P/E ratio of 17.60, a price-to-earnings-growth ratio of 0.76 and a beta of 1.10. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.39.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.57 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 company had revenue of $351.21 million during the quarter, compared to the consensus estimate of $348.89 million. During the same quarter in the prior year, the company posted $1.31 EPS. The company's quarterly revenue was up 59.9% compared to the same quarter last year. On average, equities research analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

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

Victory Capital 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.