Vident Advisory LLC Decreases Stake 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 decreased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 28.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,852 shares of the company's stock after selling 3,869 shares during the period. Vident Advisory LLC's holdings in Victory Capital were worth $570,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of Victory Capital by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,570 shares of the company's stock valued at $997,000 after purchasing an additional 5,807 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Victory Capital by 3.5% in the first quarter. Envestnet Asset Management Inc. now owns 128,061 shares of the company's stock valued at $7,411,000 after purchasing an additional 4,377 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Victory Capital in the first quarter valued at approximately $657,000. KBC Group NV acquired a new position in shares of Victory Capital in the first quarter valued at approximately $131,000. Finally, Charles Schwab Investment Management Inc. grew its position in Victory Capital by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 511,553 shares of the company's stock worth $29,604,000 after buying an additional 19,508 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

Victory Capital Stock Down 2.9%

VCTR traded down $2.08 on Friday, hitting $68.62. The company had a trading volume of 661,382 shares, compared to its average volume of 587,013. Victory Capital Holdings, Inc. has a 52-week low of $47.00 and a 52-week high of $73.42. The stock has a fifty day simple moving average of $69.46 and a 200-day simple moving average of $63.34. The firm has a market capitalization of $4.58 billion, a P/E ratio of 16.94, a P/E/G ratio of 0.75 and a beta of 1.10. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.37.

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 company had revenue of $351.21 million during the quarter, compared to the consensus estimate of $348.89 million. During the same quarter last year, the firm earned $1.31 earnings per share. The firm's quarterly revenue was up 59.9% compared to the same quarter last year. As a group, equities analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.9%. The ex-dividend date is Wednesday, September 10th. Victory Capital's dividend payout ratio is presently 48.40%.

Wall Street Analyst Weigh In

VCTR has been the topic of a number of analyst reports. Morgan Stanley increased their price target on Victory Capital from $66.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. 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 note on Wednesday, July 16th. B. Riley boosted their target price on Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. 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 given a Hold rating to the company's stock. According to MarketBeat, Victory Capital presently has an average rating of "Moderate Buy" and an average target price of $73.22.

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.