Victory Capital Holdings, Inc. $VCTR Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC has reduced its stake in Victory Capital Holdings, Inc. by 15% during the first quarter, selling 21,304 shares and holding approximately 120,495 shares valued at $6.97 million.
• The firm recently announced a quarterly dividend of $0.49 per share, with a dividend yield of 2.9%, reflecting a payout ratio of 48.40%.
• Victory Capital has shown significant growth, with a reported 59.9% year-over-year increase in revenue, amounting to $351.21 million for the last quarter.

Voya Investment Management LLC reduced its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 15.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,495 shares of the company's stock after selling 21,304 shares during the quarter. Voya Investment Management LLC owned 0.18% of Victory Capital worth $6,973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in Victory Capital during the 1st quarter valued at about $34,000. Opal Wealth Advisors LLC bought a new position in Victory Capital during the first quarter valued at approximately $37,000. Caitong International Asset Management Co. Ltd purchased a new stake in Victory Capital in the first quarter worth approximately $41,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Victory Capital in the 1st quarter worth approximately $98,000. Finally, TD Private Client Wealth LLC raised its stake 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 valued at $126,000 after buying an additional 329 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Stock Performance

NASDAQ:VCTR traded down $1.66 during mid-day trading on Friday, hitting $67.05. The company's stock had a trading volume of 1,786,178 shares, compared to its average volume of 593,907. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 0.71 and a beta of 1.10. The business's fifty day moving average is $69.76 and its two-hundred day moving average is $63.55. 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 Holdings, Inc. has a 1 year low of $47.00 and a 1 year high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The firm had revenue of $351.21 million for the quarter, compared to analyst estimates of $348.89 million. During the same period last year, the company earned $1.31 earnings per share. Victory Capital's revenue for the quarter was up 59.9% compared to the same quarter last year. Analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VCTR shares. Morgan Stanley boosted their price target 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. Barclays boosted their price objective on shares of Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Finally, B. Riley raised their target price on Victory Capital from $74.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.