Gator Capital Management LLC Decreases Stock Position in Victory Capital Holdings, Inc. $VCTR

Gator Capital Management LLC lessened its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,237 shares of the company’s stock after selling 6,515 shares during the quarter. Victory Capital comprises 1.6% of Gator Capital Management LLC’s holdings, making the stock its 19th largest position. Gator Capital Management LLC owned 0.19% of Victory Capital worth $7,838,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Victory Capital by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock worth $303,769,000 after buying an additional 73,142 shares in the last quarter. Capital World Investors lifted its position in Victory Capital by 4.3% during the fourth quarter. Capital World Investors now owns 3,768,001 shares of the company’s stock worth $237,723,000 after buying an additional 155,732 shares in the last quarter. Bahl & Gaynor Inc. lifted its position in Victory Capital by 4.8% during the third quarter. Bahl & Gaynor Inc. now owns 1,723,897 shares of the company’s stock worth $111,640,000 after buying an additional 79,013 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Victory Capital by 7.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,523,324 shares of the company’s stock worth $98,652,000 after buying an additional 102,828 shares in the last quarter. Finally, State Street Corp lifted its position in Victory Capital by 3.3% during the second quarter. State Street Corp now owns 1,239,361 shares of the company’s stock worth $78,910,000 after buying an additional 39,986 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Down 1.8%

Shares of NASDAQ VCTR opened at $84.84 on Friday. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 0.93 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. The business has a 50-day moving average of $79.63 and a two-hundred day moving average of $71.86. Victory Capital Holdings, Inc. has a 1 year low of $57.03 and a 1 year high of $90.19.

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

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date is Wednesday, June 10th. Victory Capital’s payout ratio is presently 45.05%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VCTR. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research report on Monday, April 20th. Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Barclays raised their target price on Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Morgan Stanley set a $76.00 target price on Victory Capital in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.71.

Victory Capital 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.