LSV Asset Management Sells 57,800 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

LSV Asset Management decreased its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,323,122 shares of the company's stock after selling 57,800 shares during the quarter. LSV Asset Management owned about 2.01% of Victory Capital worth $45,568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VCTR. Blue Trust Inc. raised its stake in shares of Victory Capital by 93.5% in the fourth quarter. Blue Trust Inc. now owns 1,246 shares of the company's stock valued at $41,000 after acquiring an additional 602 shares during the period. New York State Teachers Retirement System raised its stake in shares of Victory Capital by 64.1% in the third quarter. New York State Teachers Retirement System now owns 2,461 shares of the company's stock valued at $82,000 after acquiring an additional 961 shares during the period. Amalgamated Bank raised its stake in shares of Victory Capital by 13.5% in the third quarter. Amalgamated Bank now owns 4,063 shares of the company's stock valued at $135,000 after acquiring an additional 482 shares during the period. SG Americas Securities LLC purchased a new position in Victory Capital in the 3rd quarter worth about $156,000. Finally, Olympiad Research LP increased its stake in Victory Capital by 6.0% in the 3rd quarter. Olympiad Research LP now owns 6,910 shares of the company's stock worth $230,000 after buying an additional 394 shares during the period. Institutional investors own 87.71% of the company's stock.

Victory Capital Stock Up 0.0 %

Shares of NASDAQ:VCTR traded up $0.01 during trading on Monday, reaching $52.20. The stock had a trading volume of 390,400 shares, compared to its average volume of 400,122. The firm's 50-day simple moving average is $43.60 and its 200 day simple moving average is $37.00. The company has a market capitalization of $3.36 billion, a P/E ratio of 16.68, a PEG ratio of 0.47 and a beta of 0.92. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.94. Victory Capital Holdings, Inc. has a one year low of $28.66 and a one year high of $52.76.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its earnings results on Friday, February 9th. The company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.02. The company had revenue of $205.80 million during the quarter, compared to analysts' expectations of $204.20 million. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. Victory Capital's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. As a group, research analysts expect that Victory Capital Holdings, Inc. will post 5.14 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 2.57%. This is a boost from Victory Capital's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, March 8th. Victory Capital's payout ratio is presently 42.81%.

Analyst Ratings Changes

VCTR has been the topic of several recent analyst reports. Morgan Stanley raised their price target on shares of Victory Capital from $30.00 to $32.00 and gave the stock an "underweight" rating in a research note on Wednesday, April 17th. Royal Bank of Canada raised their price target on shares of Victory Capital from $40.00 to $43.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 13th. UBS Group raised their target price on shares of Victory Capital from $37.00 to $48.00 and gave the company a "neutral" rating in a research report on Monday, April 22nd. BMO Capital Markets raised their target price on shares of Victory Capital from $53.00 to $55.00 and gave the company an "outperform" rating in a research report on Wednesday, April 17th. Finally, B. Riley raised their target price on shares of Victory Capital from $48.00 to $57.00 and gave the company a "buy" rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $46.67.

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.