Voya Investment Management LLC Sells 21,304 Shares of Victory Capital Holdings, Inc. $VCTR

Voya Investment Management LLC trimmed its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 15.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,495 shares of the company’s stock after selling 21,304 shares during the quarter. Voya Investment Management LLC owned approximately 0.18% of Victory Capital worth $6,973,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VCTR. Versant Capital Management Inc bought a new position in shares of Victory Capital in the 1st quarter valued at about $34,000. Opal Wealth Advisors LLC bought a new position in Victory Capital during the first quarter worth about $37,000. Caitong International Asset Management Co. Ltd bought a new position in Victory Capital during the first quarter worth about $41,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Victory Capital during the first quarter worth approximately $98,000. Finally, TD Private Client Wealth LLC raised its stake 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 during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VCTR has been the topic of several research reports. Barclays upped their price objective on shares of Victory Capital from $62.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Morgan Stanley increased their price target on shares of Victory Capital from $66.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, August 18th. B. Riley boosted their price objective on Victory Capital from $74.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Finally, Wall Street Zen lowered Victory Capital from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Victory Capital presently has a consensus rating of “Moderate Buy” and an average target price of $73.22.

Victory Capital Trading Down 1.6%

Shares of VCTR stock opened at $67.26 on Thursday. Victory Capital Holdings, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $73.42. The stock’s fifty day moving average price is $69.67 and its two-hundred day moving average price is $63.43. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $4.49 billion, a PE ratio of 16.61, a P/E/G ratio of 0.73 and a beta of 1.10.

Victory Capital (NASDAQ:VCTR) last released 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 return on equity of 26.46% and a net margin of 27.18%.The company had revenue of $351.21 million for the quarter, compared to the consensus estimate of $348.89 million. During the same quarter last year, the business posted $1.31 EPS. Victory Capital’s revenue for the quarter was up 59.9% on a year-over-year basis. Equities analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Wednesday, September 10th will be given a dividend of $0.49 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.96 annualized dividend and a yield of 2.9%. Victory Capital’s dividend payout ratio (DPR) is currently 48.40%.

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.