Brandywine Global Investment Management LLC Sells 7,411 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Brandywine Global Investment Management LLC decreased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,294 shares of the company’s stock after selling 7,411 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.24% of Victory Capital worth $10,427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VCTR. Charles Schwab Investment Management Inc. increased its stake in shares of Victory Capital by 28.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company’s stock valued at $25,170,000 after acquiring an additional 100,614 shares in the last quarter. Bank of Montreal Can boosted its stake in Victory Capital by 282.0% in the third quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock valued at $2,412,000 after acquiring an additional 32,079 shares during the last quarter. Quantbot Technologies LP purchased a new position in Victory Capital in the third quarter valued at approximately $72,000. FMR LLC lifted its position in shares of Victory Capital by 18.1% during the 3rd 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, BNP Paribas Financial Markets raised its position in shares of Victory Capital by 37.3% in the third quarter. BNP Paribas Financial Markets now owns 22,240 shares of the company’s stock valued at $1,232,000 after purchasing an additional 6,036 shares during the period. Institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

Shares of VCTR opened at $57.87 on Tuesday. The company has a 50 day moving average of $63.38 and a two-hundred day moving average of $62.76. 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 twelve month low of $41.30 and a twelve month high of $73.42. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90.

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

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. Victory Capital’s dividend payout ratio is 43.02%.

Analysts Set New Price Targets

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