HM Payson & Co. Sells 5,100 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

HM Payson & Co. lessened its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 51.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,885 shares of the company’s stock after selling 5,100 shares during the quarter. HM Payson & Co.’s holdings in Victory Capital were worth $207,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VCTR. Vanguard Group Inc. lifted its holdings in shares of Victory Capital by 6.6% in the third quarter. Vanguard Group Inc. now owns 3,107,427 shares of the company’s stock worth $103,602,000 after buying an additional 191,957 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Victory Capital by 221.2% in the fourth quarter. SG Americas Securities LLC now owns 15,037 shares of the company’s stock worth $518,000 after buying an additional 10,356 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Victory Capital by 93.5% in the fourth quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock worth $41,000 after buying an additional 602 shares in the last quarter. Arizona State Retirement System raised its stake in Victory Capital by 20.7% in the fourth quarter. Arizona State Retirement System now owns 9,193 shares of the company’s stock valued at $317,000 after purchasing an additional 1,575 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Victory Capital by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 10,655 shares of the company’s stock valued at $367,000 after purchasing an additional 922 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Down 4.2 %

NASDAQ VCTR traded down $1.98 during mid-day trading on Monday, reaching $45.23. The stock had a trading volume of 157,112 shares, compared to its average volume of 408,717. The stock has a market cap of $2.93 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 0.55 and a beta of 0.93. The company has a fifty day moving average price of $50.16 and a 200 day moving average price of $45.14. Victory Capital Holdings, Inc. has a 1 year low of $28.66 and a 1 year high of $54.94. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.71 and a quick ratio of 0.71.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, May 9th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. Victory Capital had a return on equity of 29.23% and a net margin of 26.28%. The company had revenue of $215.86 million for the quarter, compared to the consensus estimate of $219.14 million. On average, research analysts expect that Victory Capital Holdings, Inc. will post 5.1 earnings per share for the current 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 issued a $0.37 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.48 dividend on an annualized basis and a yield of 3.27%. Victory Capital’s dividend payout ratio is currently 45.40%.

Wall Street Analysts Forecast Growth

VCTR has been the topic of a number of recent analyst reports. B. Riley raised their target price on shares of Victory Capital from $48.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Royal Bank of Canada lifted their price target on shares of Victory Capital from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Bank of America decreased their price target on shares of Victory Capital from $59.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. UBS Group decreased their price target on shares of Victory Capital from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, JPMorgan Chase & Co. upped their target price on Victory Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.57.

Victory Capital Company 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.