TimesSquare Capital Management LLC Has $44.87 Million Stock Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

TimesSquare Capital Management LLC lessened its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 809,896 shares of the company’s stock after selling 14,270 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Victory Capital were worth $44,868,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors raised its position in Victory Capital by 85.8% during the first quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock worth $94,278,000 after acquiring an additional 1,025,954 shares in the last quarter. Swedbank AB lifted its stake in Victory Capital by 7.1% in the 2nd quarter. Swedbank AB now owns 750,000 shares of the company’s stock valued at $35,798,000 after purchasing an additional 50,000 shares during the last quarter. Sei Investments Co. grew its holdings in Victory Capital by 106.7% during the first quarter. Sei Investments Co. now owns 113,254 shares of the company’s stock worth $4,805,000 after purchasing an additional 58,458 shares during the period. Inspire Investing LLC acquired a new position in Victory Capital during the first quarter worth approximately $884,000. Finally, Acadian Asset Management LLC raised its position in shares of Victory Capital by 73.0% in the first quarter. Acadian Asset Management LLC now owns 416,120 shares of the company’s stock valued at $17,649,000 after purchasing an additional 175,576 shares during the period. 87.71% of the stock is owned by institutional investors.

Victory Capital Price Performance

Victory Capital stock opened at $66.12 on Friday. The stock has a 50-day moving average price of $57.02 and a two-hundred day moving average price of $52.90. Victory Capital Holdings, Inc. has a 12 month low of $30.12 and a 12 month high of $68.00. The company has a market capitalization of $4.29 billion, a PE ratio of 16.45, a P/E/G ratio of 0.70 and a beta of 0.90. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.04. Victory Capital had a net margin of 30.82% and a return on equity of 30.55%. The business had revenue of $219.62 million during the quarter, compared to analyst estimates of $220.82 million. Analysts expect that Victory Capital Holdings, Inc. will post 5.22 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.76 annualized dividend and a dividend yield of 2.66%. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio (DPR) is presently 43.78%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. UBS Group upped their price target on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Morgan Stanley raised Victory Capital from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $40.00 to $60.00 in a research note on Friday, October 18th. BMO Capital Markets raised their target price on shares of Victory Capital from $61.00 to $69.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their price objective on shares of Victory Capital from $59.50 to $60.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada upped their target price on Victory Capital from $55.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Victory Capital currently has an average rating of “Moderate Buy” and a consensus target price of $59.67.

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.