Victory Capital Holdings, Inc. (NASDAQ:VCTR) Stock Position Reduced by Denali Advisors LLC

Denali Advisors LLC lowered its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 4.0% during the 1st quarter, Holdings Channel reports. The firm owned 131,938 shares of the company’s stock after selling 5,500 shares during the quarter. Victory Capital makes up about 1.6% of Denali Advisors LLC’s holdings, making the stock its 4th biggest position. Denali Advisors LLC’s holdings in Victory Capital were worth $5,598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Victory Capital by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock valued at $110,627,000 after buying an additional 104,746 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Victory Capital by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company’s stock valued at $51,297,000 after buying an additional 131,540 shares in the last quarter. Granahan Investment Management LLC raised its position in shares of Victory Capital by 22.0% during the 4th quarter. Granahan Investment Management LLC now owns 1,213,589 shares of the company’s stock valued at $41,796,000 after buying an additional 219,025 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Victory Capital by 17.2% during the 4th quarter. Allianz Asset Management GmbH now owns 916,082 shares of the company’s stock valued at $31,550,000 after buying an additional 134,381 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its position in shares of Victory Capital by 5.0% during the 4th quarter. Bahl & Gaynor Inc. now owns 822,668 shares of the company’s stock valued at $28,333,000 after buying an additional 38,895 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. B. Riley upped their target price on shares of Victory Capital from $48.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, April 19th. BMO Capital Markets reissued an “outperform” rating and issued a $57.00 price objective (up from $55.00) on shares of Victory Capital in a research report on Monday, May 13th. Morgan Stanley increased their price objective on shares of Victory Capital from $32.00 to $39.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 15th. UBS Group increased their price objective on shares of Victory Capital from $37.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, Royal Bank of Canada increased their price objective on shares of Victory Capital from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Victory Capital presently has a consensus rating of “Hold” and an average price target of $49.57.

Victory Capital Stock Up 0.9 %

Shares of NASDAQ VCTR traded up $0.43 during midday trading on Wednesday, reaching $48.44. 119,516 shares of the company’s stock traded hands, compared to its average volume of 419,200. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.92. The stock’s 50 day simple moving average is $50.55 and its 200-day simple moving average is $42.42. Victory Capital Holdings, Inc. has a one year low of $28.66 and a one year high of $54.94. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 0.51 and a beta of 0.93.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Thursday, May 9th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The firm had revenue of $215.86 million for the quarter, compared to the consensus estimate of $219.14 million. Victory Capital had a net margin of 26.28% and a return on equity of 29.23%. On average, analysts predict that Victory Capital Holdings, Inc. will post 5.21 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.06%. This is an increase from Victory Capital’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, June 10th. Victory Capital’s dividend payout ratio (DPR) is 45.40%.

Victory Capital 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.