Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Gator Capital Management LLC

Gator Capital Management LLC reduced its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 0.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 130,782 shares of the company’s stock after selling 200 shares during the period. Victory Capital comprises approximately 3.2% of Gator Capital Management LLC’s portfolio, making the stock its 12th largest holding. Gator Capital Management LLC’s holdings in Victory Capital were worth $8,561,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its position in shares of Victory Capital by 113.2% during the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock worth $115,990,000 after acquiring an additional 1,051,459 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Victory Capital in the 4th quarter worth about $17,755,000. TimesSquare Capital Management LLC increased its stake in shares of Victory Capital by 20.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company’s stock valued at $63,899,000 after purchasing an additional 166,265 shares during the period. Bahl & Gaynor Inc. raised its stake in Victory Capital by 10.9% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company’s stock valued at $101,949,000 after acquiring an additional 153,459 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its holdings in Victory Capital by 599.7% in the fourth quarter. Annex Advisory Services LLC now owns 173,562 shares of the company’s stock worth $11,361,000 after purchasing an additional 148,756 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Stock Down 5.8 %

Shares of Victory Capital stock opened at $51.71 on Friday. 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 Holdings, Inc. has a 12-month low of $42.10 and a 12-month high of $73.42. The firm has a market capitalization of $3.29 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86. The stock’s fifty day moving average is $62.57 and its 200-day moving average is $62.79.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.44 EPS 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%. Equities analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a $0.47 dividend. This is a positive change 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 yield of 3.64%. Victory Capital’s dividend payout ratio (DPR) is currently 43.02%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley raised their target price on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. B. Riley reiterated a “neutral” rating and set a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. BMO Capital Markets increased their price target on Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Barclays boosted their price objective on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Finally, Bank of America decreased their target price on Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Victory Capital presently has an average rating of “Hold” and an average target price of $71.44.

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.