Aptus Capital Advisors LLC Buys 10,247 Shares of Victory Capital Holdings, Inc. $VCTR

Key Points

• Aptus Capital Advisors LLC increased its stake in Victory Capital Holdings by 12.8%, owning 90,364 shares worth approximately $5.23 million after acquiring an additional 10,247 shares in the first quarter.
• Analysts have mixed opinions on Victory Capital, with five rating the stock as a "Buy" and four as a "Hold", while the consensus price target is set at $72.33.
• Victory Capital announced a quarterly dividend of $0.49 per share, scheduled for payment on September 25th, which results in an annualized yield of 2.8%.

Aptus Capital Advisors LLC boosted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 12.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,364 shares of the company's stock after purchasing an additional 10,247 shares during the period. Aptus Capital Advisors LLC owned about 0.14% of Victory Capital worth $5,229,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VCTR. Nuveen LLC bought a new position in Victory Capital during the first quarter worth about $27,274,000. Bank of America Corp DE raised its stake in shares of Victory Capital by 46.8% in the fourth quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock valued at $94,159,000 after acquiring an additional 458,534 shares during the last quarter. Annex Advisory Services LLC raised its stake in shares of Victory Capital by 127.7% in the first quarter. Annex Advisory Services LLC now owns 395,252 shares of the company's stock valued at $22,873,000 after acquiring an additional 221,690 shares during the last quarter. Public Sector Pension Investment Board bought a new position in shares of Victory Capital in the first quarter valued at approximately $8,349,000. Finally, Vanguard Group Inc. raised its stake in shares of Victory Capital by 3.3% in the first quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company's stock valued at $236,994,000 after acquiring an additional 129,055 shares during the last quarter. Institutional investors own 87.71% of the company's stock.

Wall Street Analyst Weigh In

VCTR has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group cut their target price on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Morgan Stanley lifted their target price on shares of Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. B. Riley lifted their target price on shares of Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a research note on Friday. Finally, Royal Bank Of Canada lifted their target price on shares of Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $73.22.

Victory Capital Price Performance

Shares of Victory Capital stock traded down $0.5850 during midday trading on Monday, reaching $71.1950. The company had a trading volume of 60,337 shares, compared to its average volume of 431,902. 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 company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04. The stock has a fifty day simple moving average of $67.16 and a 200 day simple moving average of $62.93. Victory Capital Holdings, Inc. has a 1-year low of $47.00 and a 1-year 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, topping analysts' consensus estimates of $1.47 by $0.10. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The firm had revenue of $351.21 million during the quarter, compared to analyst estimates of $348.89 million. During the same quarter in the previous year, the business earned $1.31 EPS. The business's quarterly revenue was up 59.9% compared to the same quarter last year. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 10th. Victory Capital's dividend payout ratio (DPR) is currently 48.40%.

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.