Envestnet Asset Management Inc. Has $6.81 Million Stock Position in Victory Capital Holdings, Inc. $VCTR

Envestnet Asset Management Inc. lowered its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 8.0% during the third quarter, Holdings Channel reports. The fund owned 105,211 shares of the company’s stock after selling 9,104 shares during the period. Envestnet Asset Management Inc.’s holdings in Victory Capital were worth $6,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VCTR. Baird Financial Group Inc. raised its stake in shares of Victory Capital by 1.6% in the second quarter. Baird Financial Group Inc. now owns 10,332 shares of the company’s stock worth $658,000 after acquiring an additional 163 shares during the last quarter. ProShare Advisors LLC raised its position in Victory Capital by 2.0% in the 2nd quarter. ProShare Advisors LLC now owns 9,081 shares of the company’s stock worth $578,000 after purchasing an additional 175 shares during the last quarter. McIlrath & Eck LLC lifted its holdings in Victory Capital by 2.0% during the 3rd quarter. McIlrath & Eck LLC now owns 10,056 shares of the company’s stock worth $651,000 after buying an additional 196 shares in the last quarter. American Century Companies Inc. lifted its holdings in Victory Capital by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock worth $757,000 after buying an additional 217 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in Victory Capital by 5.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,521 shares of the company’s stock valued at $288,000 after buying an additional 218 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VCTR shares. JPMorgan Chase & Co. upped their price target on Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada upped their target price on shares of Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. Morgan Stanley lowered their price target on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, January 21st. Finally, Zacks Research cut shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.38.

Victory Capital Stock Performance

Shares of NASDAQ:VCTR opened at $75.59 on Friday. The firm’s 50 day simple moving average is $68.49 and its 200 day simple moving average is $67.02. Victory Capital Holdings, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $77.78. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 0.80 and a beta of 1.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.47 and a quick ratio of 1.26.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, February 4th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.66 by $0.12. The firm had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The business’s quarterly revenue was up 61.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 earnings per share. As a group, sell-side analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Victory Capital’s dividend payout ratio (DPR) is presently 48.16%.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.