Mirae Asset Global Investments Co. Ltd. Sells 11,944 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 48.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,899 shares of the company’s stock after selling 11,944 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Victory Capital were worth $444,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Victory Capital by 27.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 273,348 shares of the company’s stock valued at $9,113,000 after acquiring an additional 59,503 shares during the period. Brandywine Global Investment Management LLC increased its stake in shares of Victory Capital by 12.1% in the third quarter. Brandywine Global Investment Management LLC now owns 199,926 shares of the company’s stock valued at $6,666,000 after buying an additional 21,612 shares in the last quarter. Fiera Capital Corp acquired a new stake in shares of Victory Capital in the third quarter valued at $2,409,000. Bank of New York Mellon Corp increased its stake in shares of Victory Capital by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 545,269 shares of the company’s stock valued at $18,179,000 after buying an additional 22,192 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Victory Capital by 13.7% in the third quarter. Swiss National Bank now owns 58,900 shares of the company’s stock valued at $1,964,000 after buying an additional 7,100 shares in the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Price Performance

Victory Capital stock opened at $51.58 on Friday. The firm has a market capitalization of $3.32 billion, a P/E ratio of 16.48, a PEG ratio of 0.45 and a beta of 1.00. Victory Capital Holdings, Inc. has a 1 year low of $27.73 and a 1 year high of $51.67. The business has a 50-day moving average of $41.61 and a 200-day moving average of $35.92. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.94.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The business had revenue of $205.80 million for the quarter, compared to analysts’ expectations of $204.20 million. During the same quarter in the previous year, the business posted $1.03 EPS. Victory Capital’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities analysts anticipate that Victory Capital Holdings, Inc. will post 5.14 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from Victory Capital’s previous quarterly dividend of $0.32. Victory Capital’s payout ratio is 42.81%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on Victory Capital from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. Morgan Stanley lifted their price objective on Victory Capital from $30.00 to $32.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 17th. BMO Capital Markets lifted their price objective on Victory Capital from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. B. Riley boosted their target price on Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, UBS Group boosted their target price on Victory Capital from $37.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Victory Capital currently has an average rating of “Hold” and a consensus target price of $46.67.

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.