AlphaQuest LLC Has $90,000 Stock Position in Victory Capital Holdings, Inc. $VCTR

Key Points

• AlphaQuest LLC significantly reduced its holdings in Victory Capital by 81.9%, selling 7,036 shares and retaining only 1,555 shares valued at approximately $90,000.
• Several institutions, including Versant Capital Management Inc and Opal Wealth Advisors LLC, have recently invested in Victory Capital, indicating growing institutional interest with 87.71% of shares owned by institutional investors.
• Victory Capital reported strong quarterly earnings of $1.57 per share, exceeding forecasts, alongside a declared quarterly dividend of $0.49 to be paid on September 25th, enhancing its attractiveness to investors.

AlphaQuest LLC cut its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 81.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,555 shares of the company's stock after selling 7,036 shares during the period. AlphaQuest LLC's holdings in Victory Capital were worth $90,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in VCTR. Vanguard Group Inc. grew its stake in Victory Capital by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company's stock worth $236,994,000 after acquiring an additional 129,055 shares during the period. Bank of America Corp DE grew its stake in Victory Capital by 46.8% in the 4th quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock worth $94,159,000 after acquiring an additional 458,534 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Victory Capital by 4.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 511,553 shares of the company's stock worth $29,604,000 after acquiring an additional 19,508 shares during the period. Nuveen LLC acquired a new position in shares of Victory Capital in the 1st quarter valued at $27,274,000. Finally, Northern Trust Corp boosted its holdings in shares of Victory Capital by 5.7% in the 4th quarter. Northern Trust Corp now owns 435,766 shares of the company's stock valued at $28,525,000 after purchasing an additional 23,463 shares during the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Stock Performance

Victory Capital stock traded down $0.86 during midday trading on Friday, reaching $71.45. 601,084 shares of the stock traded hands, compared to its average volume of 592,570. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average price of $68.91 and a two-hundred day moving average price of $63.12. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 0.76 and a beta of 1.10. Victory Capital Holdings, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $73.42.

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

Victory Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, September 10th. Victory Capital's dividend payout ratio is currently 48.40%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VCTR shares. Wall Street Zen lowered shares of Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Morgan Stanley lifted their price target on shares of Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. B. Riley lifted their price target on shares of Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Royal Bank Of Canada lifted their price target on shares of Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Finally, Barclays lifted their target price 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. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $73.22.

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.