Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,044 shares of the company’s stock after selling 234 shares during the quarter. Truist Financial Corp’s holdings in Victory Capital were worth $1,574,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VCTR. World Investment Advisors LLC bought a new position in shares of Victory Capital during the third quarter worth about $918,000. Geode Capital Management LLC boosted its stake in Victory Capital by 10.8% during 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 during the period. McIlrath & Eck LLC bought a new position in Victory Capital in the 3rd quarter worth about $565,000. Royce & Associates LP acquired a new stake in shares of Victory Capital in the third quarter valued at approximately $7,755,000. Finally, Bank of Montreal Can increased 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. 87.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VCTR shares. Morgan Stanley increased their price objective on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. The Goldman Sachs Group increased their price target on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Barclays lifted their price objective on shares of Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Royal Bank of Canada increased their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Finally, B. Riley restated a “neutral” rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $68.33.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $63.02 on Friday. Victory Capital Holdings, Inc. has a twelve month low of $37.72 and a twelve month high of $73.42. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average of $65.76 and a two-hundred day moving average of $61.53. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 0.55 and a beta of 0.89.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. As a group, analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.98%. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, February 18th. Victory Capital’s payout ratio is presently 43.02%.

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.