11,527 Shares in Victory Capital Holdings, Inc. $VCTR Purchased by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC has purchased 11,527 shares of Victory Capital Holdings, Inc. (NASDAQ: VCTR) valued at approximately $734,000 during the second quarter.
• Victory Capital recently increased its quarterly dividend to $0.49, with an ex-dividend date of September 10th, representing an annual yield of 3.0%.
• Analysts have issued mixed ratings on the stock, with five analysts recommending a "Buy" and a target price averaging $73.22 after recent price upgrades from Barclays and Morgan Stanley.

Counterpoint Mutual Funds LLC acquired a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,527 shares of the company's stock, valued at approximately $734,000.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in Victory Capital by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 16,570 shares of the company's stock valued at $997,000 after purchasing an additional 5,807 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Victory Capital by 3.5% during the first quarter. Envestnet Asset Management Inc. now owns 128,061 shares of the company's stock valued at $7,411,000 after purchasing an additional 4,377 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Victory Capital during the first quarter valued at about $657,000. KBC Group NV purchased a new stake in Victory Capital during the first quarter valued at about $131,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Victory Capital by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 511,553 shares of the company's stock valued at $29,604,000 after purchasing an additional 19,508 shares during the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays upped their price objective on shares of Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Morgan Stanley increased their price target on shares of Victory Capital from $66.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Finally, B. Riley increased their price target on shares of Victory Capital from $74.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $73.22.

Victory Capital Stock Down 1.4%

Shares of NASDAQ VCTR opened at $66.08 on Tuesday. Victory Capital Holdings, Inc. has a one year low of $47.00 and a one year high of $73.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.37. The firm's 50 day simple moving average is $69.79 and its two-hundred day simple moving average is $63.65. The stock has a market capitalization of $4.41 billion, a P/E ratio of 16.32, a PEG ratio of 0.71 and a beta of 1.10.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.10. The firm had revenue of $351.21 million during the quarter, compared to analyst estimates of $348.89 million. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The business's quarterly revenue was up 59.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.31 earnings per share. As a group, analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Wednesday, September 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.96 dividend on an annualized basis and a yield of 3.0%. Victory Capital's dividend payout ratio (DPR) is presently 48.40%.

About Victory Capital

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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