Millennium Management LLC Has $6.63 Million Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Millennium Management LLC lowered its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 64.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 138,964 shares of the company’s stock after selling 251,672 shares during the quarter. Millennium Management LLC owned about 0.21% of Victory Capital worth $6,633,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of VCTR. Granahan Investment Management LLC boosted its holdings in Victory Capital by 22.0% during the 4th quarter. Granahan Investment Management LLC now owns 1,213,589 shares of the company’s stock worth $41,796,000 after acquiring an additional 219,025 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Victory Capital by 426.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 589,710 shares of the company’s stock worth $20,310,000 after buying an additional 477,798 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Victory Capital by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock worth $110,627,000 after buying an additional 104,746 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Victory Capital in the 4th quarter worth about $688,000. Finally, Annex Advisory Services LLC purchased a new position in shares of Victory Capital in the 1st quarter worth about $555,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Stock Down 0.3 %

Shares of VCTR opened at $57.30 on Friday. The firm has a market cap of $3.71 billion, a P/E ratio of 17.58, a P/E/G ratio of 0.61 and a beta of 0.91. The stock has a 50 day simple moving average of $52.85 and a two-hundred day simple moving average of $50.39. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.91 and a quick ratio of 0.91. Victory Capital Holdings, Inc. has a 1 year low of $28.66 and a 1 year high of $58.08.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.04. The firm had revenue of $219.62 million during the quarter, compared to analyst estimates of $220.82 million. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. On average, analysts forecast that Victory Capital Holdings, Inc. will post 5.19 earnings per share for the current fiscal 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 issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Tuesday, September 10th. This is an increase from Victory Capital’s previous quarterly dividend of $0.37. Victory Capital’s dividend payout ratio is currently 50.31%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays initiated coverage on shares of Victory Capital in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $58.00 price target on the stock. Royal Bank of Canada lowered their price objective on Victory Capital from $56.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. The Goldman Sachs Group upped their price target on Victory Capital from $59.50 to $60.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Bank of America boosted their price objective on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, August 12th. 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.78.

Victory Capital 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.