Van Berkom & Associates Inc. Sells 110,924 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Van Berkom & Associates Inc. lessened its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,814,062 shares of the company’s stock after selling 110,924 shares during the quarter. Victory Capital makes up approximately 3.5% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 3rd largest holding. Van Berkom & Associates Inc. owned approximately 2.79% of Victory Capital worth $118,748,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VCTR. World Investment Advisors LLC bought a new stake in shares of Victory Capital during the 3rd quarter valued at about $918,000. Geode Capital Management LLC lifted its stake in Victory Capital by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after buying an additional 101,247 shares during the period. McIlrath & Eck LLC bought a new position in shares of Victory Capital during the 3rd quarter worth approximately $565,000. Royce & Associates LP acquired a new stake in shares of Victory Capital during the 3rd quarter worth approximately $7,755,000. Finally, Bank of Montreal Can increased its stake in shares of Victory Capital by 282.0% in the 3rd quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock valued at $2,412,000 after acquiring an additional 32,079 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Down 1.8 %

VCTR stock opened at $66.67 on Friday. The firm has a market capitalization of $4.34 billion, a PE ratio of 15.26, a P/E/G ratio of 0.57 and a beta of 0.89. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a twelve month low of $36.02 and a twelve month high of $73.42. The stock’s 50 day moving average is $65.71 and its 200-day moving average is $60.93.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Sell-side analysts expect that Victory Capital Holdings, Inc. will post 6.06 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 2.82%. Victory Capital’s payout ratio is 43.02%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. B. Riley reaffirmed a “neutral” rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Barclays increased their price target on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Royal Bank of Canada raised their price objective on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, Morgan Stanley upped their target price on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Victory Capital presently has an average rating of “Hold” and an average target price of $68.33.

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.