Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Blue Trust Inc.

Blue Trust Inc. cut its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 14.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,651 shares of the company’s stock after selling 454 shares during the period. Blue Trust Inc.’s holdings in Victory Capital were worth $174,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. boosted its stake in shares of Victory Capital by 113.2% in the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock worth $115,990,000 after buying an additional 1,051,459 shares during the last quarter. State Street Corp increased its holdings in shares of Victory Capital by 6.4% in the third quarter. State Street Corp now owns 1,162,842 shares of the company’s stock valued at $64,421,000 after purchasing an additional 69,654 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Victory Capital by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after purchasing an additional 101,247 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Victory Capital by 28.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company’s stock valued at $25,170,000 after purchasing an additional 100,614 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Victory Capital by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company’s stock valued at $20,660,000 after purchasing an additional 11,785 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Royal Bank of Canada raised their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group raised their price target on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets lifted their target price on Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Morgan Stanley lifted their price target on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Victory Capital presently has an average rating of “Hold” and a consensus target price of $68.33.

Victory Capital Stock Performance

Shares of VCTR stock opened at $66.67 on Friday. The stock has a market capitalization of $4.34 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 0.58 and a beta of 0.89. Victory Capital Holdings, Inc. has a 52-week low of $36.02 and a 52-week high of $73.42. The stock’s 50-day moving average price is $65.71 and its 200 day moving average price is $60.93. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. As a group, equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.06 EPS for the current year.

Victory Capital Increases Dividend

The company 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. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 2.82%. Victory Capital’s payout ratio is 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.