SMH Capital Advisors Inc. Sells 218 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

SMH Capital Advisors Inc. trimmed its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 3.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,989 shares of the company’s stock after selling 218 shares during the period. Victory Capital accounts for approximately 0.9% of SMH Capital Advisors Inc.’s investment portfolio, making the stock its 26th biggest position. SMH Capital Advisors Inc.’s holdings in Victory Capital were worth $286,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Victory Capital by 16.4% in the 1st quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock valued at $158,661,000 after acquiring an additional 527,190 shares in the last quarter. Capital World Investors grew its stake in Victory Capital by 85.8% in the 1st quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock valued at $94,278,000 after buying an additional 1,025,954 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Victory Capital by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company’s stock valued at $51,297,000 after purchasing an additional 131,540 shares in the last quarter. LSV Asset Management grew its position in shares of Victory Capital by 2.7% during the 2nd quarter. LSV Asset Management now owns 1,294,722 shares of the company’s stock valued at $61,797,000 after purchasing an additional 34,000 shares in the last quarter. Finally, Granahan Investment Management LLC grew its position in shares of Victory Capital by 22.0% during the 4th quarter. Granahan Investment Management LLC now owns 1,213,589 shares of the company’s stock valued at $41,796,000 after purchasing an additional 219,025 shares in the last quarter. 87.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VCTR. Bank of America boosted their price target on shares of Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Barclays started coverage on Victory Capital in a report on Tuesday, August 27th. They set an “equal weight” rating and a $58.00 price target for the company. Morgan Stanley lifted their target price on Victory Capital from $39.00 to $40.00 and gave the stock an “underweight” rating in a report on Tuesday, August 13th. Royal Bank of Canada reduced their target price on Victory Capital from $56.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Finally, UBS Group cut their price objective on Victory Capital from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $53.67.

Victory Capital Price Performance

Shares of VCTR opened at $53.96 on Thursday. Victory Capital Holdings, Inc. has a fifty-two week low of $28.66 and a fifty-two week high of $55.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $3.50 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.58 and a beta of 0.91. The business’s 50-day moving average is $51.66 and its two-hundred day moving average is $48.70.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. The business had revenue of $219.62 million for the quarter, compared to analyst estimates of $220.82 million. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. Research analysts predict that Victory Capital Holdings, Inc. will post 5.19 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th will be paid a $0.41 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.64 annualized dividend and a dividend yield of 3.04%. Victory Capital’s payout ratio is 50.31%.

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.