Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Stock Position in Victory Capital Holdings, Inc. $VCTR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 95.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,896 shares of the company’s stock after selling 251,165 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Victory Capital were worth $751,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Planned Solutions Inc. increased its holdings in shares of Victory Capital by 4.6% in the fourth quarter. Planned Solutions Inc. now owns 3,546 shares of the company’s stock worth $224,000 after purchasing an additional 155 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Victory Capital by 1.6% in the second quarter. Baird Financial Group Inc. now owns 10,332 shares of the company’s stock worth $658,000 after purchasing an additional 163 shares during the period. American Century Companies Inc. increased its holdings in shares of Victory Capital by 1.9% in the second quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock worth $757,000 after purchasing an additional 217 shares during the period. ProShare Advisors LLC increased its holdings in shares of Victory Capital by 2.6% in the fourth quarter. ProShare Advisors LLC now owns 8,654 shares of the company’s stock worth $546,000 after purchasing an additional 222 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Victory Capital by 48.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock worth $48,000 after purchasing an additional 246 shares during the period. Institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Up 2.0%

NASDAQ VCTR opened at $89.12 on Wednesday. The stock’s 50-day simple moving average is $78.36 and its two-hundred day simple moving average is $71.42. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $89.70. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 0.94 and a beta of 1.10.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.19. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The business had revenue of $387.99 million for the quarter, compared to the consensus estimate of $364.97 million. During the same quarter last year, the business posted $1.36 earnings per share. The company’s revenue for the quarter was up 76.7% on a year-over-year basis. Research analysts forecast that Victory Capital Holdings, Inc. will post 7.04 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, June 10th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. Victory Capital’s dividend payout ratio (DPR) is 44.14%.

Analysts Set New Price Targets

VCTR has been the topic of several research analyst reports. Morgan Stanley set a $76.00 price target on shares of Victory Capital in a report on Friday, May 1st. Barclays upped their price target on shares of Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Victory Capital in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $84.71.

Victory Capital Company 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.