Ritholtz Wealth Management Sells 8,944 Shares of Victory Capital Holdings, Inc. $VCTR

Ritholtz Wealth Management reduced its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 33.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,413 shares of the company’s stock after selling 8,944 shares during the period. Ritholtz Wealth Management’s holdings in Victory Capital were worth $1,099,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of VCTR. Vanguard Group Inc. lifted its holdings in Victory Capital by 12.2% during the third quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock worth $307,073,000 after acquiring an additional 515,845 shares during the period. Principal Financial Group Inc. lifted its holdings in Victory Capital by 8,812.2% during the third quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock worth $18,175,000 after acquiring an additional 277,497 shares during the period. Invesco Ltd. lifted its holdings in Victory Capital by 163.6% during the third quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock worth $27,971,000 after acquiring an additional 268,061 shares during the period. Voloridge Investment Management LLC lifted its holdings in Victory Capital by 747.2% during the third quarter. Voloridge Investment Management LLC now owns 299,862 shares of the company’s stock worth $19,419,000 after acquiring an additional 264,468 shares during the period. Finally, Barclays PLC lifted its holdings in Victory Capital by 227.1% during the third quarter. Barclays PLC now owns 315,141 shares of the company’s stock worth $20,409,000 after acquiring an additional 218,808 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Stock Performance

Shares of VCTR opened at $71.97 on Wednesday. The firm has a market cap of $4.61 billion, a PE ratio of 17.68, a PEG ratio of 1.01 and a beta of 1.04. The stock’s fifty day moving average price is $69.78 and its two-hundred day moving average price is $66.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.47 and a quick ratio of 1.47. Victory Capital Holdings, Inc. has a 1 year low of $53.65 and a 1 year high of $77.78.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.12. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The firm had revenue of $374.12 million for the quarter, compared to analyst estimates of $371.09 million. During the same period in the previous year, the company posted $1.45 earnings per share. The business’s revenue was up 61.0% on a year-over-year basis. On average, equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were given a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 2.7%. Victory Capital’s payout ratio is 48.16%.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Royal Bank Of Canada lifted their price objective on shares of Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Wall Street Zen lowered shares of Victory Capital from a “buy” rating to a “hold” rating in a research report on Monday, April 6th. Morgan Stanley lowered their price objective on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $75.38.

Victory Capital Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.