Victory Capital Holdings, Inc. $VCTR Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. lowered its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 7.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,554,858 shares of the company’s stock after selling 128,896 shares during the quarter. Victory Capital makes up approximately 3.4% of Van Berkom & Associates Inc.’s holdings, making the stock its 5th biggest position. Van Berkom & Associates Inc.’s holdings in Victory Capital were worth $101,812,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Amundi purchased a new stake in shares of Victory Capital during the 4th quarter worth about $192,735,000. FIL Ltd bought a new stake in shares of Victory Capital in the 4th quarter valued at approximately $26,813,000. Invesco Ltd. grew its stake in shares of Victory Capital by 163.6% in the 3rd quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock valued at $27,971,000 after buying an additional 268,061 shares in the last quarter. Voloridge Investment Management LLC increased its holdings in Victory Capital by 747.2% in the third quarter. Voloridge Investment Management LLC now owns 299,862 shares of the company’s stock worth $19,419,000 after buying an additional 264,468 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Victory Capital by 14.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock worth $114,163,000 after buying an additional 221,471 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Stock Performance

Shares of NASDAQ VCTR opened at $98.52 on Monday. The business’s 50-day simple moving average is $87.56 and its 200-day simple moving average is $76.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.13. Victory Capital Holdings, Inc. has a 52 week low of $57.03 and a 52 week high of $102.05. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.15 and a beta of 1.09.

Victory Capital (NASDAQ:VCTR) last posted its earnings results 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 firm had revenue of $387.99 million during the quarter, compared to analyst estimates of $364.97 million. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The company’s revenue for the quarter was up 76.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 EPS. As a group, equities research analysts expect that Victory Capital Holdings, Inc. will post 7.38 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were given a $0.50 dividend. 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 dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, June 10th. Victory Capital’s payout ratio is 45.05%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Victory Capital from $76.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, June 26th. The Goldman Sachs Group started coverage on shares of Victory Capital in a research note on Tuesday, June 2nd. They set a “neutral” rating and a $90.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research note on Friday. Finally, Zacks Research upgraded shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Victory Capital has an average rating of “Moderate Buy” and a consensus target price of $87.43.

Victory Capital Company Profile

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.