Victory Capital Holdings, Inc. (NASDAQ:VCTR) Position Lowered by Granahan Investment Management LLC

Granahan Investment Management LLC decreased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,132,997 shares of the company’s stock after selling 16,510 shares during the period. Victory Capital makes up 3.1% of Granahan Investment Management LLC’s portfolio, making the stock its 2nd largest holding. Granahan Investment Management LLC’s holdings in Victory Capital were worth $74,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of VCTR. Clark Capital Management Group Inc. boosted its stake in shares of Victory Capital by 103.0% in the 4th quarter. Clark Capital Management Group Inc. now owns 129,331 shares of the company’s stock worth $8,466,000 after buying an additional 65,635 shares during the last quarter. Deutsche Bank AG lifted its holdings in Victory Capital by 58.9% in the fourth quarter. Deutsche Bank AG now owns 35,884 shares of the company’s stock valued at $2,349,000 after acquiring an additional 13,295 shares during the period. EP Wealth Advisors LLC purchased a new position in Victory Capital in the fourth quarter worth about $257,000. Bosun Asset Management LLC grew its stake in shares of Victory Capital by 1.4% during the 4th quarter. Bosun Asset Management LLC now owns 13,016 shares of the company’s stock valued at $852,000 after purchasing an additional 176 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Victory Capital during the 4th quarter valued at about $803,000. Institutional investors own 87.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VCTR. BMO Capital Markets raised their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. reduced their price objective 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. Barclays lowered their target price on Victory Capital from $75.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Bank of America reduced their price target on Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Finally, UBS Group decreased their price objective on Victory Capital from $71.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $69.33.

Victory Capital Price Performance

Shares of Victory Capital stock opened at $59.14 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a 52 week low of $43.82 and a 52 week high of $73.42. The stock’s 50-day simple moving average is $57.57 and its 200-day simple moving average is $62.63. The company 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.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.02). Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. The company had revenue of $219.60 million for the quarter, compared to analysts’ expectations of $226.38 million. During the same period last year, the business earned $1.25 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th will be issued a $0.49 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Tuesday, June 10th. Victory Capital’s payout ratio is currently 43.02%.

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.