Fisher Asset Management LLC Sells 19,994 Shares of Victory Capital Holdings, Inc. $VCTR

Fisher Asset Management LLC reduced its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 29.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,926 shares of the company’s stock after selling 19,994 shares during the period. Fisher Asset Management LLC owned 0.07% of Victory Capital worth $3,115,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. ProShare Advisors LLC grew its stake in Victory Capital by 2.0% in the 2nd quarter. ProShare Advisors LLC now owns 9,081 shares of the company’s stock valued at $578,000 after buying an additional 175 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Victory Capital by 1.9% during the second quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock worth $757,000 after acquiring an additional 217 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of Victory Capital by 5.1% in the second quarter. Ameritas Investment Partners Inc. now owns 4,521 shares of the company’s stock valued at $288,000 after purchasing an additional 218 shares during the last quarter. Vista Finance LLC grew its position in shares of Victory Capital by 4.1% in the second quarter. Vista Finance LLC now owns 6,541 shares of the company’s stock valued at $416,000 after purchasing an additional 255 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its stake in shares of Victory Capital by 7.0% during the first quarter. EP Wealth Advisors LLC now owns 4,193 shares of the company’s stock worth $243,000 after purchasing an additional 273 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Stock Up 1.1%

VCTR stock opened at $63.08 on Friday. Victory Capital Holdings, Inc. has a 52 week low of $47.00 and a 52 week high of $73.00. The business has a 50-day simple moving average of $63.81 and a 200 day simple moving average of $65.75. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.41. The company has a market cap of $4.10 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 0.61 and a beta of 1.11.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Thursday, November 6th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.60 by $0.03. The firm had revenue of $361.20 million for the quarter, compared to analyst estimates of $361.14 million. Victory Capital had a net margin of 25.27% and a return on equity of 24.23%. The business’s quarterly revenue was up 60.1% compared to the same quarter last year. During the same period last year, the firm earned $1.35 EPS. Sell-side analysts anticipate 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 Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th will be paid a dividend of $0.49 per share. The ex-dividend date is Wednesday, December 10th. This represents a $1.96 annualized dividend and a yield of 3.1%. Victory Capital’s dividend payout ratio is presently 50.00%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VCTR shares. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, October 8th. Bank of America lifted their target price on Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Barclays decreased their price target on shares of Victory Capital from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Zacks Research cut shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, Morgan Stanley boosted their price objective on shares of Victory Capital from $67.00 to $69.00 and gave the company a “positive” rating in a report on Monday, October 6th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Victory Capital presently has a consensus rating of “Moderate Buy” and an average target price of $74.89.

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.