Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by SMH Capital Advisors Inc.

SMH Capital Advisors Inc. trimmed its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 8.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,010 shares of the company’s stock after selling 484 shares during the period. Victory Capital comprises 0.8% of SMH Capital Advisors Inc.’s investment portfolio, making the stock its 21st biggest holding. SMH Capital Advisors Inc.’s holdings in Victory Capital were worth $328,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. World Investment Advisors LLC purchased a new stake in Victory Capital in the third quarter valued at approximately $918,000. Geode Capital Management LLC raised its holdings in shares of Victory Capital by 10.8% in the 3rd 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 acquired a new position in Victory Capital during the 3rd quarter worth about $565,000. Bank of Montreal Can lifted its stake in Victory Capital by 282.0% during the 3rd quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock worth $2,412,000 after acquiring an additional 32,079 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Victory Capital by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company’s stock valued at $20,660,000 after acquiring an additional 11,785 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Down 9.7 %

Victory Capital stock opened at $54.89 on Friday. The stock’s fifty day moving average is $62.86 and its two-hundred day moving average is $62.75. The stock has a market cap of $3.49 billion, a PE ratio of 12.56, a P/E/G ratio of 0.55 and a beta of 0.86. Victory Capital Holdings, Inc. has a 1-year low of $42.10 and a 1-year high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping 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%. On average, sell-side analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a $0.47 dividend. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.43%. Victory Capital’s dividend payout ratio is presently 43.02%.

Analyst Ratings Changes

Several brokerages have recently issued reports on VCTR. BMO Capital Markets increased their price target on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Bank of America dropped their price target on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday. B. Riley reiterated a “neutral” rating and issued a $60.00 price objective (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Finally, Morgan Stanley lifted their target price on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $71.44.

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.