Mirae Asset Global Investments Co. Ltd. Decreases Stock Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Mirae Asset Global Investments Co. Ltd. reduced its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 48.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,899 shares of the company’s stock after selling 11,944 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Victory Capital were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of VCTR. Corient Private Wealth LLC increased its position in Victory Capital by 126.8% in the third quarter. Corient Private Wealth LLC now owns 1,046,684 shares of the company’s stock worth $34,896,000 after buying an additional 585,225 shares during the last quarter. Van Berkom & Associates Inc. grew its position in shares of Victory Capital by 19.2% in the third quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company’s stock valued at $60,537,000 after purchasing an additional 292,225 shares in the last quarter. LSV Asset Management grew its position in shares of Victory Capital by 22.2% in the third quarter. LSV Asset Management now owns 1,380,922 shares of the company’s stock valued at $46,040,000 after purchasing an additional 250,600 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Victory Capital by 6.6% in the third quarter. Vanguard Group Inc. now owns 3,107,427 shares of the company’s stock valued at $103,602,000 after purchasing an additional 191,957 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its position in shares of Victory Capital by 31.8% in the third quarter. Bahl & Gaynor Inc. now owns 783,773 shares of the company’s stock valued at $26,131,000 after purchasing an additional 189,052 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Price Performance

Victory Capital stock opened at $51.58 on Friday. Victory Capital Holdings, Inc. has a 52 week low of $27.73 and a 52 week high of $51.67. The business has a 50-day simple moving average of $41.61 and a 200 day simple moving average of $35.92. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 0.45 and a beta of 1.00.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Friday, February 9th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.11 by $0.02. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The business had revenue of $205.80 million during the quarter, compared to analysts’ expectations of $204.20 million. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. On average, research analysts forecast that Victory Capital Holdings, Inc. will post 5.14 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a dividend of $0.335 per share. The ex-dividend date was Friday, March 8th. This represents a $1.34 annualized dividend and a yield of 2.60%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.32. Victory Capital’s payout ratio is 42.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank of Canada lifted their price target on Victory Capital from $40.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. Morgan Stanley lifted their price target on Victory Capital from $30.00 to $32.00 and gave the company an “underweight” rating in a research report on Wednesday, April 17th. BMO Capital Markets lifted their price target on Victory Capital from $53.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. B. Riley lifted their price target on Victory Capital from $48.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, UBS Group lifted their price target on Victory Capital from $37.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Victory Capital presently has an average rating of “Hold” and a consensus target price of $46.67.

About Victory Capital

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.