Horizon Investment Services LLC Sells 4,157 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Horizon Investment Services LLC lowered its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 36.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,257 shares of the company’s stock after selling 4,157 shares during the period. Horizon Investment Services LLC’s holdings in Victory Capital were worth $475,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Principal Securities Inc. boosted its stake in shares of Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after acquiring an additional 157 shares during the period. SBI Securities Co. Ltd. bought a new position in Victory Capital in the 4th quarter worth approximately $43,000. Quantbot Technologies LP purchased a new stake in Victory Capital during the 3rd quarter valued at approximately $72,000. FMR LLC raised its position in shares of Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after buying an additional 206 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Victory Capital by 33.9% in the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock worth $105,000 after buying an additional 482 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

Victory Capital stock opened at $57.44 on Friday. Victory Capital Holdings, Inc. has a 12-month low of $41.30 and a 12-month high of $73.42. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $63.54 and a 200-day moving average price of $62.55. The firm has a market capitalization of $3.66 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data 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 net margin of 32.33% and a return on equity of 31.08%. As a group, equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm 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 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 3.27%. Victory Capital’s dividend payout ratio (DPR) is presently 43.02%.

Analysts Set New Price Targets

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

Victory Capital Company 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.