Corient Private Wealth LLC Sells 28,131 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Corient Private Wealth LLC lessened its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 17.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 137,310 shares of the company’s stock after selling 28,131 shares during the period. Corient Private Wealth LLC owned about 0.21% of Victory Capital worth $8,988,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. grew its stake in shares of Victory Capital by 113.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock worth $115,990,000 after buying an additional 1,051,459 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Victory Capital in the fourth quarter worth about $17,755,000. TimesSquare Capital Management LLC increased its stake in Victory Capital by 20.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company’s stock worth $63,899,000 after acquiring an additional 166,265 shares during the last quarter. Bahl & Gaynor Inc. raised its position in Victory Capital by 10.9% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company’s stock valued at $101,949,000 after purchasing an additional 153,459 shares during the period. Finally, Annex Advisory Services LLC lifted its stake in shares of Victory Capital by 599.7% in the 4th quarter. Annex Advisory Services LLC now owns 173,562 shares of the company’s stock valued at $11,361,000 after purchasing an additional 148,756 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on VCTR shares. Barclays increased their price target on Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Morgan Stanley raised their target price on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. B. Riley reaffirmed a “neutral” rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. BMO Capital Markets increased their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their target price on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $68.33.

Victory Capital Stock Performance

Victory Capital stock opened at $60.25 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $3.84 billion, a PE ratio of 13.79, a P/E/G ratio of 0.55 and a beta of 0.90. The company has a 50 day moving average price of $63.93 and a 200-day moving average price of $62.22. Victory Capital Holdings, Inc. has a fifty-two week low of $41.30 and a fifty-two week high of $73.42.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. As a group, equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.47 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 3.12%. Victory Capital’s dividend payout ratio (DPR) is 43.02%.

Victory Capital Company Profile

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.