Sei Investments Co. Sells 7,141 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Sei Investments Co. decreased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,207 shares of the company’s stock after selling 7,141 shares during the period. Sei Investments Co. owned about 0.15% of Victory Capital worth $6,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. increased its holdings in Victory Capital by 113.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after purchasing an additional 1,051,459 shares in the last quarter. Bahl & Gaynor Inc. increased its stake in shares of Victory Capital by 10.9% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company’s stock valued at $101,949,000 after buying an additional 153,459 shares in the last quarter. State Street Corp raised its holdings in shares of Victory Capital by 6.4% in the third quarter. State Street Corp now owns 1,162,842 shares of the company’s stock valued at $64,421,000 after buying an additional 69,654 shares during the last quarter. Geode Capital Management LLC lifted its position in Victory Capital by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock worth $57,446,000 after buying an additional 101,247 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in Victory Capital by 20.5% during the 4th 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. Institutional investors own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Victory Capital Price Performance

Victory Capital stock opened at $57.87 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $3.68 billion, a P/E ratio of 13.24, a PEG ratio of 0.55 and a beta of 0.90. The business has a 50-day moving average of $63.38 and a 200-day moving average of $62.76. Victory Capital Holdings, Inc. has a 1 year low of $41.30 and a 1 year high of $73.42.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. On average, equities analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.25%. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital’s dividend payout ratio is presently 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.