Federated Hermes Inc. Sells 20,399 Shares of Victory Capital Holdings, Inc. $VCTR

Federated Hermes Inc. trimmed its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 234,922 shares of the company’s stock after selling 20,399 shares during the quarter. Federated Hermes Inc. owned 0.35% of Victory Capital worth $14,957,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Victory Capital by 4.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 511,553 shares of the company’s stock worth $29,604,000 after acquiring an additional 19,508 shares during the period. Vicus Capital bought a new stake in shares of Victory Capital in the 2nd quarter valued at about $279,000. Vanguard Group Inc. raised its holdings in shares of Victory Capital by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company’s stock valued at $236,994,000 after purchasing an additional 129,055 shares in the last quarter. Moody National Bank Trust Division lifted its position in shares of Victory Capital by 21.1% in the 2nd quarter. Moody National Bank Trust Division now owns 98,300 shares of the company’s stock worth $6,259,000 after purchasing an additional 17,125 shares during the period. Finally, Amundi bought a new position in shares of Victory Capital during the second quarter valued at approximately $213,219,000. Institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Up 0.6%

Victory Capital stock opened at $63.45 on Thursday. Victory Capital Holdings, Inc. has a 1-year low of $47.00 and a 1-year high of $73.00. The business has a fifty day moving average price of $63.70 and a 200-day moving average price of $65.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.61 and a beta of 1.11.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.03. The company had revenue of $361.20 million during the quarter, compared to analysts’ expectations of $361.14 million. Victory Capital had a return on equity of 24.23% and a net margin of 25.27%.The firm’s revenue was up 60.1% compared to the same quarter last year. During the same period last year, the business posted $1.35 earnings per share. Equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th will be paid a $0.49 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $1.96 dividend on an annualized basis and a yield of 3.1%. Victory Capital’s dividend payout ratio (DPR) is 50.00%.

Wall Street Analyst Weigh In

VCTR has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Victory Capital from $67.00 to $69.00 and gave the stock a “positive” rating in a research note on Monday, October 6th. Zacks Research downgraded Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Barclays reduced their price target on Victory Capital from $72.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. B. Riley raised their price objective on Victory Capital from $74.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.89.

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.