Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 63.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 383,741 shares of the company’s stock after selling 662,943 shares during the period. Corient Private Wealth LLC owned about 0.58% of Victory Capital worth $13,216,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Van Berkom & Associates Inc. boosted its position in Victory Capital by 19.2% during the third quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company’s stock worth $60,537,000 after purchasing an additional 292,225 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Victory Capital by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,107,427 shares of the company’s stock valued at $103,602,000 after purchasing an additional 191,957 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Victory Capital by 582.1% during the 4th quarter. Teacher Retirement System of Texas now owns 179,266 shares of the company’s stock valued at $6,174,000 after purchasing an additional 152,984 shares in the last quarter. Rainwater Charitable Foundation acquired a new stake in Victory Capital in the 4th quarter valued at approximately $4,702,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Victory Capital by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company’s stock worth $51,297,000 after purchasing an additional 131,540 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Up 2.3 %

Shares of Victory Capital stock traded up $1.22 during midday trading on Friday, hitting $54.15. The company had a trading volume of 307,996 shares, compared to its average volume of 479,024. The company has a 50 day moving average of $47.19 and a 200 day moving average of $39.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.71 and a current ratio of 0.71. Victory Capital Holdings, Inc. has a 52-week low of $28.66 and a 52-week high of $54.17. The stock has a market capitalization of $3.50 billion, a P/E ratio of 16.61, a P/E/G ratio of 0.57 and a beta of 0.92.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th will be paid a $0.37 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Monday, June 10th. Victory Capital’s dividend payout ratio (DPR) is 41.10%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VCTR. Royal Bank of Canada upped their price objective on Victory Capital from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. JPMorgan Chase & Co. increased their target price on Victory Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. UBS Group raised their price objective on Victory Capital from $37.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. BMO Capital Markets reiterated an “outperform” rating and issued a $57.00 target price (up from $55.00) on shares of Victory Capital in a report on Monday, May 13th. Finally, Morgan Stanley raised their price objective on Victory Capital from $32.00 to $39.00 and gave the company an “underweight” rating in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Victory Capital presently has an average rating of “Hold” and a consensus target price of $49.57.

Victory Capital 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.