Glenview Trust co Decreases Stock Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Glenview Trust co lowered its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,607 shares of the company’s stock after selling 478 shares during the quarter. Glenview Trust co’s holdings in Victory Capital were worth $236,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of VCTR. Principal Securities Inc. lifted its stake in Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after purchasing an additional 157 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Victory Capital in the 4th quarter worth $43,000. Quantbot Technologies LP purchased a new stake in Victory Capital in the 3rd quarter worth $72,000. FMR LLC lifted its stake in Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after purchasing an additional 206 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in Victory Capital by 33.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock worth $105,000 after purchasing an additional 482 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Performance

Shares of NASDAQ:VCTR opened at $59.53 on Tuesday. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.55 and a beta of 0.90. Victory Capital Holdings, Inc. has a 12 month low of $39.91 and a 12 month high of $73.42. The firm’s 50-day moving average is $64.08 and its 200 day moving average is $62.21. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping 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%. Research analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a $0.47 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital’s dividend payout ratio is currently 43.02%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VCTR. BMO Capital Markets boosted their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. B. Riley restated a “neutral” rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their target price on shares of Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Morgan Stanley boosted their target price on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Finally, Barclays boosted their target price on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Victory Capital currently has a consensus rating of “Hold” and a consensus target price of $68.33.

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.