Victory Capital Holdings, Inc. $VCTR Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. reduced its stake in Victory Capital Holdings by 9.9% in Q2, owning 1,644,884 shares valued at $104.73 million. Other institutional investors adjusted their positions as well. Victory Capital's Q3 earnings exceeded expectations with $1.63 EPS and $361.20 million revenue. The company announced a $0.49 quarterly dividend. Analysts have mixed ratings, with some increasing price targets and others downgrading. The stock's 52-week range is $47.00 to $73.42, with a market cap of $4.10 billion.

Bahl & Gaynor Inc. lowered its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 9.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,644,884 shares of the company's stock after selling 181,114 shares during the period. Bahl & Gaynor Inc. owned about 2.45% of Victory Capital worth $104,730,000 at the end of the most recent reporting period.

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Several other institutional investors and hedge funds have also made changes to their positions in VCTR. ProShare Advisors LLC grew its stake in Victory Capital by 2.0% during the 2nd quarter. ProShare Advisors LLC now owns 9,081 shares of the company's stock worth $578,000 after buying an additional 175 shares during the last quarter. Vista Finance LLC boosted its holdings in shares of Victory Capital by 4.1% in the second quarter. Vista Finance LLC now owns 6,541 shares of the company's stock valued at $416,000 after acquiring an additional 255 shares during the period. EP Wealth Advisors LLC grew its position in shares of Victory Capital by 7.0% during the first quarter. EP Wealth Advisors LLC now owns 4,193 shares of the company's stock worth $243,000 after acquiring an additional 273 shares during the last quarter. FourThought Financial Partners LLC increased its holdings in shares of Victory Capital by 11.5% in the 1st quarter. FourThought Financial Partners LLC now owns 3,594 shares of the company's stock valued at $208,000 after acquiring an additional 372 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Victory Capital by 2,131.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 424 shares of the company's stock valued at $27,000 after purchasing an additional 405 shares during the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $63.07 on Friday. Victory Capital Holdings, Inc. has a 52 week low of $47.00 and a 52 week high of $73.42. The company has a 50-day moving average price of $64.63 and a 200 day moving average price of $65.70. The company has a market cap of $4.10 billion, a P/E ratio of 16.09, a PEG ratio of 0.60 and a beta of 1.10. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.41.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.03. The business had revenue of $361.20 million during the quarter, compared to the consensus estimate of $361.14 million. Victory Capital had a return on equity of 24.23% and a net margin of 25.27%.The company's revenue for the quarter was up 60.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.35 EPS. Research analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $1.96 dividend on an annualized basis and a yield of 3.1%. Victory Capital's dividend payout ratio (DPR) is 50.00%.

Analyst Ratings Changes

VCTR has been the topic of several research reports. Morgan Stanley raised their price objective on shares of Victory Capital from $67.00 to $69.00 and gave the stock a "positive" rating in a research report on Monday, October 6th. Barclays decreased their target price on shares of Victory Capital from $72.00 to $68.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 21st. The Goldman Sachs Group restated a "buy" rating and issued a $76.00 price target on shares of Victory Capital in a research report on Tuesday, September 23rd. B. Riley increased their price objective on Victory Capital from $74.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Finally, Zacks Research downgraded Victory Capital from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 5th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $74.89.

View Our Latest Stock Analysis on Victory Capital

Victory Capital Profile

(Free Report)

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.

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