Greenwood Capital Associates LLC Sells 3,899 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Greenwood Capital Associates LLC lowered its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 20.7% in the third quarter, Holdings Channel reports. The fund owned 14,966 shares of the company’s stock after selling 3,899 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Victory Capital were worth $829,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Pembroke Management LTD lifted its stake in Victory Capital by 92.5% in the 3rd quarter. Pembroke Management LTD now owns 111,817 shares of the company’s stock valued at $6,195,000 after purchasing an additional 53,719 shares during the last quarter. F M Investments LLC increased its holdings in shares of Victory Capital by 20.8% during the third quarter. F M Investments LLC now owns 282,221 shares of the company’s stock worth $15,635,000 after buying an additional 48,635 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after acquiring an additional 452 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Victory Capital by 32.8% during the 3rd quarter. US Bancorp DE now owns 21,560 shares of the company’s stock valued at $1,194,000 after acquiring an additional 5,325 shares in the last quarter. Finally, New York State Teachers Retirement System grew its position in Victory Capital by 52.5% during the 3rd quarter. New York State Teachers Retirement System now owns 3,754 shares of the company’s stock worth $208,000 after acquiring an additional 1,293 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Up 2.7 %

NASDAQ:VCTR opened at $60.89 on Wednesday. Victory Capital Holdings, Inc. has a 52 week low of $30.05 and a 52 week high of $61.97. The firm’s fifty day moving average is $56.35 and its 200-day moving average is $52.61. The firm has a market cap of $3.95 billion, a P/E ratio of 17.15, a P/E/G ratio of 0.63 and a beta of 0.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.04. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. The business had revenue of $219.62 million for the quarter, compared to analysts’ expectations of $220.82 million. Equities analysts expect that Victory Capital Holdings, Inc. will post 5.18 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.64 annualized dividend and a yield of 2.69%. This is a boost from Victory Capital’s previous quarterly dividend of $0.37. Victory Capital’s dividend payout ratio (DPR) is currently 46.20%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. The Goldman Sachs Group increased their target price on Victory Capital from $59.50 to $60.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Royal Bank of Canada lifted their target price on shares of Victory Capital from $55.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. UBS Group boosted their target price on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. BMO Capital Markets raised their price target on shares of Victory Capital from $61.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.67.

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.