TimesSquare Capital Management LLC Decreases Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

TimesSquare Capital Management LLC trimmed its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 16.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 732,571 shares of the company's stock after selling 147,417 shares during the period. TimesSquare Capital Management LLC owned about 1.11% of Victory Capital worth $25,230,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VCTR. SG Americas Securities LLC acquired a new stake in shares of Victory Capital in the 3rd quarter valued at $156,000. Raymond James & Associates raised its stake in Victory Capital by 37.1% in the third quarter. Raymond James & Associates now owns 21,098 shares of the company's stock valued at $703,000 after buying an additional 5,713 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Victory Capital by 4.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 545,269 shares of the company's stock worth $18,179,000 after buying an additional 22,192 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Victory Capital by 64.1% during the 3rd quarter. New York State Teachers Retirement System now owns 2,461 shares of the company's stock worth $82,000 after buying an additional 961 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Victory Capital by 102.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,100 shares of the company's stock worth $237,000 after acquiring an additional 3,597 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. B. Riley raised their target price on Victory Capital from $48.00 to $57.00 and gave the stock a "buy" rating in a research report on Friday, April 19th. Morgan Stanley boosted their price objective on shares of Victory Capital from $30.00 to $32.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 17th. UBS Group increased 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 lifted their price target on shares of Victory Capital from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada upped their price objective on shares of Victory Capital from $40.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, February 13th. One 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $46.67.

Victory Capital Stock Performance

Shares of VCTR traded down $0.05 during mid-day trading on Wednesday, reaching $52.11. 459,718 shares of the company's stock were exchanged, compared to its average volume of 403,151. The business's fifty day simple moving average is $44.17 and its 200-day simple moving average is $37.27. The stock has a market capitalization of $3.35 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 0.47 and a beta of 0.92. Victory Capital Holdings, Inc. has a 52-week low of $28.66 and a 52-week high of $52.78. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.66.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.02. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The company had revenue of $205.80 million for the quarter, compared to the consensus estimate of $204.20 million. During the same period last year, the firm posted $1.03 EPS. Victory Capital's revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities research analysts expect that Victory Capital Holdings, Inc. will post 5.14 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis 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 dividend payout ratio (DPR) is presently 42.81%.

Victory Capital Company 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.

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