CenterBook Partners LP Has $2.07 Million Stake in Victory Capital Holdings, Inc. $VCTR

CenterBook Partners LP trimmed its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 40.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,732 shares of the company’s stock after selling 22,236 shares during the period. CenterBook Partners LP owned approximately 0.05% of Victory Capital worth $2,065,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Impax Asset Management Group plc lifted its position in shares of Victory Capital by 8.3% during the fourth quarter. Impax Asset Management Group plc now owns 650,000 shares of the company’s stock worth $41,008,000 after purchasing an additional 50,000 shares in the last quarter. Aurora Investment Counsel acquired a new position in shares of Victory Capital during the third quarter worth approximately $2,205,000. Rhumbline Advisers lifted its position in shares of Victory Capital by 93.8% during the third quarter. Rhumbline Advisers now owns 128,360 shares of the company’s stock worth $8,313,000 after purchasing an additional 62,119 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Victory Capital during the third quarter worth approximately $4,140,000. Finally, Travelers Companies Inc. acquired a new position in shares of Victory Capital during the third quarter worth approximately $1,397,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Trading Up 2.0%

Shares of NASDAQ VCTR opened at $89.12 on Wednesday. The company’s 50 day simple moving average is $78.36 and its 200 day simple moving average is $71.42. Victory Capital Holdings, Inc. has a fifty-two week low of $57.03 and a fifty-two week high of $89.70. The firm has a market capitalization of $5.57 billion, a P/E ratio of 20.07, a P/E/G ratio of 0.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.13.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.19. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The business had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. During the same period in the prior year, the business posted $1.36 earnings per share. Victory Capital’s revenue was up 76.7% compared to the same quarter last year. On average, analysts predict that Victory Capital Holdings, Inc. will post 7.04 EPS for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This is a boost from Victory Capital’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 2.2%. Victory Capital’s payout ratio is currently 44.14%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VCTR. Morgan Stanley set a $76.00 target price on shares of Victory Capital in a research report on Friday, May 1st. The Goldman Sachs Group started coverage on shares of Victory Capital in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 price objective on the stock. Barclays increased their price objective on shares of Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $95.00 price objective on shares of Victory Capital in a report on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Victory Capital currently has an average rating of “Hold” and an average price target of $84.71.

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.