Kendall Capital Management Sells 4,360 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Kendall Capital Management lowered its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 4.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 88,674 shares of the company’s stock after selling 4,360 shares during the period. Victory Capital comprises approximately 1.7% of Kendall Capital Management’s investment portfolio, making the stock its 9th biggest position. Kendall Capital Management’s holdings in Victory Capital were worth $5,805,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. World Investment Advisors LLC acquired a new position in shares of Victory Capital during the 3rd quarter worth approximately $918,000. Geode Capital Management LLC grew its position in shares of Victory Capital by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock worth $57,446,000 after purchasing an additional 101,247 shares in the last quarter. McIlrath & Eck LLC acquired a new position in shares of Victory Capital during the 3rd quarter worth approximately $565,000. Royce & Associates LP acquired a new position in shares of Victory Capital during the 3rd quarter worth approximately $7,755,000. Finally, Bank of Montreal Can lifted its holdings in shares of 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 during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on VCTR shares. The Goldman Sachs Group upped their price target on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Royal Bank of Canada upped 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. BMO Capital Markets upped their price target on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Morgan Stanley upped their price target on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. upped their price target 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. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $68.33.

Victory Capital Price Performance

VCTR stock opened at $58.49 on Friday. The company has a fifty day moving average price of $65.04 and a 200-day moving average price of $62.00. The company has a market capitalization of $3.80 billion, a P/E ratio of 13.38, a PEG ratio of 0.55 and a beta of 0.90. Victory Capital Holdings, Inc. has a 52-week low of $39.26 and a 52-week high of $73.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. As a group, equities analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.21%. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio (DPR) is presently 43.02%.

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.