Fisher Asset Management LLC Decreases Stake in Victory Capital Holdings, Inc. $VCTR

Fisher Asset Management LLC lowered its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 17.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,069 shares of the company’s stock after selling 8,583 shares during the quarter. Fisher Asset Management LLC owned approximately 0.06% of Victory Capital worth $2,591,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Planned Solutions Inc. lifted its stake in Victory Capital by 4.6% in the fourth quarter. Planned Solutions Inc. now owns 3,546 shares of the company’s stock worth $224,000 after acquiring an additional 155 shares during the last quarter. Baird Financial Group Inc. lifted its stake in 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. American Century Companies Inc. lifted its stake in Victory Capital by 1.9% in the second quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock worth $757,000 after acquiring an additional 217 shares during the last quarter. ProShare Advisors LLC lifted its stake in Victory Capital by 2.6% in the fourth quarter. ProShare Advisors LLC now owns 8,654 shares of the company’s stock worth $546,000 after acquiring an additional 222 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Victory Capital by 1.8% in the third quarter. Arizona State Retirement System now owns 12,919 shares of the company’s stock worth $837,000 after acquiring an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research note on Monday, April 20th. Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. boosted their price objective on shares of Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Barclays boosted their price objective on shares of Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Morgan Stanley set a $76.00 price objective on shares of Victory Capital in a research report on Friday, May 1st. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.71.

Victory Capital Stock Down 2.5%

Shares of NASDAQ:VCTR opened at $85.09 on Friday. The company has a market capitalization of $5.32 billion, a PE ratio of 19.16, a P/E/G ratio of 0.95 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $88.73. The firm has a 50 day simple moving average of $75.38 and a 200-day simple moving average of $70.07.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.19. The business had revenue of $387.99 million during the quarter, compared to the consensus estimate of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The company’s revenue was up 76.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 EPS. On average, equities analysts predict that Victory Capital Holdings, Inc. will post 6.93 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. Victory Capital’s dividend payout ratio is presently 44.14%.

About Victory Capital

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.