Swedbank AB Sells 100,000 Shares of Victory Capital Holdings, Inc. $VCTR

Swedbank AB lessened its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 500,000 shares of the company’s stock after selling 100,000 shares during the period. Swedbank AB’s holdings in Victory Capital were worth $31,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VCTR. Covestor Ltd lifted its stake in Victory Capital by 99.7% in the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after purchasing an additional 334 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Victory Capital by 48.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after purchasing an additional 246 shares during the last quarter. GAMMA Investing LLC lifted its stake in Victory Capital by 146.4% in the 4th quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock valued at $54,000 after purchasing an additional 511 shares during the last quarter. Quantbot Technologies LP lifted its stake in Victory Capital by 206.0% in the 2nd quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock valued at $78,000 after purchasing an additional 824 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in Victory Capital in the 3rd quarter valued at approximately $81,000. Institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Performance

VCTR opened at $85.91 on Monday. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $88.73. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average of $73.84 and a 200-day moving average of $69.37. The stock has a market cap of $5.37 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 0.94 and a beta of 1.09.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.19. The company had revenue of $387.99 million during the quarter, compared to analysts’ expectations of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. Victory Capital’s revenue for the quarter was up 76.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 earnings per share. On average, sell-side analysts predict that Victory Capital Holdings, Inc. will post 6.93 EPS for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, June 10th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. Victory Capital’s dividend payout ratio is 44.14%.

Analyst Ratings Changes

VCTR has been the subject of several research reports. Morgan Stanley set a $76.00 price objective on shares of Victory Capital in a research note on Friday, May 1st. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research report on Monday, April 20th. Barclays upped their price target on shares of Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $95.00 price target on shares of Victory Capital in a research report on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Victory Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.71.

About Victory Capital

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.