Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC reduced its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 38,000 shares of the company’s stock after selling 500 shares during the period. Daymark Wealth Partners LLC’s holdings in Victory Capital were worth $2,487,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. grew its stake in shares of Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after acquiring an additional 199 shares in the last quarter. FMR LLC boosted its holdings in Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after purchasing an additional 206 shares during the period. HighTower Advisors LLC grew its stake in Victory Capital by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock worth $520,000 after purchasing an additional 377 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 452 shares during the period. Finally, Amalgamated Bank raised its position in Victory Capital by 50.7% in the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after purchasing an additional 479 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. UBS Group boosted their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their price target on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Morgan Stanley raised their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. The Goldman Sachs Group boosted their target price on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, B. Riley restated a “neutral” rating and issued a $60.00 price target (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $65.11.

Victory Capital Price Performance

Shares of VCTR opened at $67.83 on Thursday. 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 Holdings, Inc. has a 1-year low of $33.39 and a 1-year high of $73.42. The stock has a market cap of $4.41 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The firm has a fifty day moving average price of $65.95 and a 200 day moving average price of $58.67.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, November 7th. The company reported $1.33 earnings per share for the quarter, meeting the consensus estimate of $1.33. The business had revenue of $225.63 million during the quarter, compared to the consensus estimate of $225.75 million. Victory Capital had a return on equity of 29.92% and a net margin of 30.82%. During the same period in the previous year, the business earned $1.16 EPS. As a group, sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 5.24 EPS for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were issued a $0.44 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Monday, December 9th. Victory Capital’s dividend payout ratio is presently 43.78%.

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.