Fisher Asset Management LLC Decreases Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Fisher Asset Management LLC trimmed its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 58,901 shares of the company’s stock after selling 3,903 shares during the quarter. Fisher Asset Management LLC’s holdings in Victory Capital were worth $2,029,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in Victory Capital by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,107,427 shares of the company’s stock worth $103,602,000 after purchasing an additional 191,957 shares during the last quarter. Van Berkom & Associates Inc. raised its holdings in Victory Capital by 19.2% in the third quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company’s stock valued at $60,537,000 after acquiring an additional 292,225 shares in the last quarter. LSV Asset Management raised its holdings in Victory Capital by 22.2% in the third quarter. LSV Asset Management now owns 1,380,922 shares of the company’s stock valued at $46,040,000 after acquiring an additional 250,600 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Victory Capital by 126.8% during the 3rd quarter. Corient Private Wealth LLC now owns 1,046,684 shares of the company’s stock worth $34,896,000 after acquiring an additional 585,225 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its position in shares of Victory Capital by 5.0% in the 4th quarter. Bahl & Gaynor Inc. now owns 822,668 shares of the company’s stock worth $28,333,000 after purchasing an additional 38,895 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Stock Performance

VCTR stock opened at $52.11 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 0.66. The stock’s fifty day moving average is $44.17 and its two-hundred day moving average is $37.27. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 0.47 and a beta of 0.92. Victory Capital Holdings, Inc. has a 1 year low of $28.66 and a 1 year high of $52.78.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The firm had revenue of $205.80 million during the quarter, compared to the consensus estimate of $204.20 million. During the same period in the prior year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, research analysts predict that Victory Capital Holdings, Inc. will post 5.14 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on VCTR shares. BMO Capital Markets increased their price target on shares of Victory Capital from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. UBS Group lifted their target price on Victory Capital from $37.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Royal Bank of Canada boosted their price target on Victory Capital from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. B. Riley lifted their price objective on shares of Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Morgan Stanley increased their target price on shares of Victory Capital from $30.00 to $32.00 and gave the stock an “underweight” rating in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.67.

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.