Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Denali Advisors LLC

Denali Advisors LLC trimmed its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 28.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,728 shares of the company’s stock after selling 37,210 shares during the quarter. Denali Advisors LLC’s holdings in Victory Capital were worth $4,521,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VCTR. Swiss National Bank raised its holdings in shares of Victory Capital by 10.0% in the fourth quarter. Swiss National Bank now owns 64,800 shares of the company’s stock worth $2,232,000 after acquiring an additional 5,900 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Victory Capital by 443.0% in the fourth quarter. BNP Paribas Financial Markets now owns 146,605 shares of the company’s stock worth $5,049,000 after acquiring an additional 119,605 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Victory Capital by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company’s stock worth $51,297,000 after acquiring an additional 131,540 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Victory Capital by 32.8% in the fourth quarter. Principal Financial Group Inc. now owns 27,674 shares of the company’s stock worth $953,000 after acquiring an additional 6,842 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Victory Capital in the fourth quarter worth $354,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $53.39 on Tuesday. Victory Capital Holdings, Inc. has a 1-year low of $28.66 and a 1-year high of $55.16. The business has a 50-day moving average of $51.39 and a 200-day moving average of $48.55. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 0.56 and a beta of 0.91.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.04. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. The company had revenue of $219.62 million during the quarter, compared to the consensus estimate of $220.82 million. On average, equities analysts anticipate that Victory Capital Holdings, Inc. will post 5.19 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be given a $0.41 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.64 annualized dividend and a dividend yield of 3.07%. Victory Capital’s dividend payout ratio is presently 50.31%.

Wall Street Analysts Forecast Growth

VCTR has been the subject of several analyst reports. Bank of America upped their target price on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, August 12th. The Goldman Sachs Group upped their target price on Victory Capital from $53.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Royal Bank of Canada dropped their price target on Victory Capital from $56.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. JPMorgan Chase & Co. upped their price target on Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, UBS Group dropped their price target on Victory Capital from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $53.67.

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.