Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,015 shares of the company’s stock after selling 821 shares during the quarter. Hantz Financial Services Inc. owned about 0.07% of Victory Capital worth $2,816,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of VCTR. World Investment Advisors LLC acquired a new stake in Victory Capital in the third quarter valued at $918,000. Geode Capital Management LLC increased its holdings in shares of Victory Capital by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after purchasing an additional 101,247 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Victory Capital in the third quarter valued at about $565,000. Bank of Montreal Can lifted its stake in shares of Victory Capital by 282.0% in the third quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock valued at $2,412,000 after purchasing an additional 32,079 shares during the period. Finally, Royce & Associates LP purchased a new stake in Victory Capital during the third quarter worth about $7,755,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VCTR has been the subject of a number of research reports. Barclays lifted their price target on shares of Victory Capital from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Royal Bank of Canada boosted their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. The Goldman Sachs Group raised their price target on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Morgan Stanley boosted their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Finally, B. Riley restated a “neutral” rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $65.11.

Victory Capital Price Performance

Victory Capital stock opened at $66.17 on Friday. The firm’s 50-day moving average is $65.99 and its two-hundred day moving average is $59.30. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $4.30 billion, a P/E ratio of 16.46, a P/E/G ratio of 0.56 and a beta of 0.90. Victory Capital Holdings, Inc. has a 12-month low of $33.39 and a 12-month high of $73.42.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Thursday, November 7th. The company reported $1.33 earnings per share for the quarter, meeting the consensus estimate of $1.33. Victory Capital had a return on equity of 29.92% and a net margin of 30.82%. The company had revenue of $225.63 million during the quarter, compared to the consensus estimate of $225.75 million. During the same period in the previous year, the firm posted $1.16 EPS. Equities analysts predict that Victory Capital Holdings, Inc. will post 5.24 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.44 dividend. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.76 annualized dividend and a yield of 2.66%. Victory Capital’s payout ratio is 43.78%.

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.