Citadel Advisors LLC lowered its stake in shares of Victory Capital Holdings Inc (NASDAQ:VCTR) by 26.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 589,076 shares of the company’s stock after selling 211,684 shares during the quarter. Citadel Advisors LLC owned about 0.87% of Victory Capital worth $5,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in VCTR. Acadian Asset Management LLC purchased a new stake in Victory Capital in the third quarter worth about $117,000. Bank of Montreal Can purchased a new stake in Victory Capital in the third quarter worth about $128,000. Trexquant Investment LP purchased a new stake in Victory Capital in the third quarter worth about $179,000. First Trust Advisors LP purchased a new stake in Victory Capital in the third quarter worth about $187,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Victory Capital in the third quarter worth about $334,000. Institutional investors own 15.77% of the company’s stock.
In other news, Director James B. Hawkes purchased 5,300 shares of the business’s stock in a transaction dated Wednesday, November 21st. The shares were purchased at an average price of $12.00 per share, for a total transaction of $63,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ:VCTR opened at $11.16 on Friday. Victory Capital Holdings Inc has a 52 week low of $7.27 and a 52 week high of $13.50. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $787.18 million and a PE ratio of 8.93.
Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. Victory Capital had a net margin of 14.42% and a return on equity of 27.34%. The firm had revenue of $108.08 million for the quarter, compared to analysts’ expectations of $108.36 million. As a group, equities analysts predict that Victory Capital Holdings Inc will post 1.52 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on VCTR shares. Zacks Investment Research upgraded shares of Victory Capital from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Wednesday, October 31st. Keefe, Bruyette & Woods upgraded shares of Victory Capital from a “market perform” rating to an “outperform” rating and set a $12.50 price objective on the stock in a report on Tuesday, September 25th. William Blair restated an “outperform” rating on shares of Victory Capital in a report on Monday, November 12th. Finally, Morgan Stanley upped their price objective on shares of Victory Capital from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $13.72.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/12/08/victory-capital-holdings-inc-vctr-shares-sold-by-citadel-advisors-llc.html.
About Victory Capital
Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.
Featured Article: Bear Market
Receive News & Ratings for Victory Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victory Capital and related companies with MarketBeat.com's FREE daily email newsletter.