Glenview Trust co Cuts Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Glenview Trust co decreased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,607 shares of the company’s stock after selling 478 shares during the quarter. Glenview Trust co’s holdings in Victory Capital were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in VCTR. Principal Securities Inc. grew its holdings in shares of Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after buying an additional 157 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Victory Capital during the fourth quarter valued at approximately $43,000. Quantbot Technologies LP purchased a new stake in shares of Victory Capital during the third quarter valued at approximately $72,000. FMR LLC grew its holdings in shares of Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after buying an additional 206 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in shares of Victory Capital by 33.9% during the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock valued at $105,000 after buying an additional 482 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Up 2.7 %

VCTR opened at $59.53 on Tuesday. 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 Holdings, Inc. has a fifty-two week low of $39.91 and a fifty-two week high of $73.42. The firm’s fifty day moving average is $64.08 and its 200 day moving average is $62.21. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. On average, sell-side analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a dividend of $0.47 per share. 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 dividend on an annualized basis and a dividend yield of 3.16%. Victory Capital’s payout ratio is 43.02%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised their target price 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. B. Riley restated a “neutral” rating and issued a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised 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. Morgan Stanley raised their target price 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, Barclays raised their target price on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.