PNC Financial Services Group Inc. Sells 3,921 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

PNC Financial Services Group Inc. lowered its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 43.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,027 shares of the company’s stock after selling 3,921 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Victory Capital were worth $291,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in Victory Capital in the first quarter valued at about $34,000. Opal Wealth Advisors LLC acquired a new position in Victory Capital in the first quarter valued at about $37,000. TD Private Client Wealth LLC boosted its position in Victory Capital by 17.8% in the first quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company’s stock valued at $126,000 after buying an additional 329 shares in the last quarter. KBC Group NV acquired a new position in Victory Capital in the first quarter valued at about $131,000. Finally, Blue Trust Inc. boosted its position in Victory Capital by 25.0% in the first quarter. Blue Trust Inc. now owns 3,314 shares of the company’s stock valued at $192,000 after buying an additional 663 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Up 0.1%

Shares of NASDAQ VCTR opened at $71.26 on Friday. The company’s 50 day simple moving average is $66.37 and its 200 day simple moving average is $62.77. Victory Capital Holdings, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $73.42. The firm has a market capitalization of $4.79 billion, a P/E ratio of 17.60, a P/E/G ratio of 0.78 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.09.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The business had revenue of $351.21 million for the quarter, compared to analyst estimates of $348.89 million. During the same period in the prior year, the business posted $1.31 earnings per share. Victory Capital’s revenue was up 59.9% compared to the same quarter last year. On average, analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th will be issued a $0.49 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.96 annualized dividend and a yield of 2.8%. Victory Capital’s dividend payout ratio (DPR) is 48.40%.

Wall Street Analysts Forecast Growth

VCTR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Victory Capital from $69.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Royal Bank Of Canada boosted their price target on shares of Victory Capital from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, May 13th. UBS Group reduced their price target on shares of Victory Capital from $71.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Wall Street Zen lowered shares of Victory Capital from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, Barclays boosted their price target on shares of Victory Capital from $62.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.22.

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.