Citadel Advisors LLC cut its holdings in Victory Capital Holdings Inc (NASDAQ:VCTR) by 26.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 589,076 shares of the company’s stock after selling 211,684 shares during the period. Citadel Advisors LLC’s holdings in Victory Capital were worth $5,620,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wesbanco Bank Inc. raised its position in Victory Capital by 11.6% in the third quarter. Wesbanco Bank Inc. now owns 61,132 shares of the company’s stock worth $583,000 after acquiring an additional 6,352 shares during the period. Acadian Asset Management LLC bought a new position in Victory Capital in the third quarter worth approximately $117,000. Bank of Montreal Can bought a new position in Victory Capital in the third quarter worth approximately $128,000. Trexquant Investment LP bought a new position in Victory Capital in the third quarter worth approximately $179,000. Finally, First Trust Advisors LP bought a new position in Victory Capital in the third quarter worth approximately $187,000. Institutional investors and hedge funds own 15.77% of the company’s stock.
A number of brokerages have recently issued reports on VCTR. Morgan Stanley increased their price objective on shares of Victory Capital from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, October 9th. William Blair reissued an “outperform” rating on shares of Victory Capital in a research note on Monday, November 12th. Zacks Investment Research cut shares of Victory Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, Keefe, Bruyette & Woods raised shares of Victory Capital from a “market perform” rating to an “outperform” rating and set a $12.50 price objective for the company in a research note on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $13.72.
In other news, Director James B. Hawkes acquired 5,300 shares of Victory Capital stock in a transaction dated Wednesday, November 21st. The stock was purchased at an average cost of $12.00 per share, with a total value of $63,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ VCTR opened at $11.16 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market capitalization of $787.18 million and a PE ratio of 8.93. Victory Capital Holdings Inc has a 1 year low of $7.27 and a 1 year high of $13.50.
Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. The firm had revenue of $108.08 million during the quarter, compared to analysts’ expectations of $108.36 million. Victory Capital had a net margin of 14.42% and a return on equity of 27.34%. As a group, research analysts predict that Victory Capital Holdings Inc will post 1.52 earnings per share for the current fiscal year.
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About Victory Capital
Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.
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