Crestview Partners II GP L.P. lessened its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 34.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,615,089 shares of the company's stock after selling 3,999,161 shares during the quarter. Victory Capital accounts for approximately 84.4% of Crestview Partners II GP L.P.'s investment portfolio, making the stock its biggest position. Crestview Partners II GP L.P. owned about 11.71% of Victory Capital worth $498,484,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the business. Covestor Ltd lifted its position in shares of Victory Capital by 3,207.1% during the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after acquiring an additional 449 shares during the period. Principal Securities Inc. increased its holdings in Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after buying an additional 157 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Victory Capital in the 4th quarter valued at approximately $43,000. Convergence Investment Partners LLC bought a new stake in shares of Victory Capital during the 4th quarter worth approximately $193,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Victory Capital during the 4th quarter worth approximately $211,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have commented on VCTR. JPMorgan Chase & Co. cut their target price on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Bank of America decreased their target price on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Barclays dropped their target price on shares of Victory Capital from $75.00 to $59.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. UBS Group reduced their price target on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, BMO Capital Markets upped their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Victory Capital presently has a consensus rating of "Hold" and a consensus target price of $69.33.
Check Out Our Latest Stock Analysis on VCTR
Victory Capital Trading Down 1.5 %
Shares of NASDAQ:VCTR traded down $0.93 during mid-day trading on Friday, reaching $59.14. 348,125 shares of the company's stock were exchanged, compared to its average volume of 357,797. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital Holdings, Inc. has a twelve month low of $43.82 and a twelve month high of $73.42. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.55 and a beta of 1.05. The business's fifty day moving average price is $57.57 and its 200-day moving average price is $62.63.
Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.02). The company had revenue of $219.60 million for the quarter, compared to analyst estimates of $226.38 million. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 earnings per share. On average, research analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.
Victory Capital Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This is a boost from Victory Capital's previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a yield of 3.31%. Victory Capital's dividend payout ratio is presently 43.02%.
About Victory Capital
(
Free Report)
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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