Aptus Capital Advisors LLC Has $5.23 Million Stock Position in 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 stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 12.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,364 shares of the company's stock after purchasing an additional 10,247 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.14% of Victory Capital worth $5,229,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in VCTR. Versant Capital Management Inc acquired a new position in Victory Capital during the 1st quarter worth $34,000. Opal Wealth Advisors LLC acquired a new stake in shares of Victory Capital in the first quarter valued at $37,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Victory Capital in the first quarter valued at $41,000. TD Private Client Wealth LLC lifted its holdings in shares of Victory Capital by 17.8% in the first quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock valued at $126,000 after buying an additional 329 shares during the period. Finally, KBC Group NV acquired a new stake in shares of Victory Capital in the first quarter valued at $131,000. Institutional investors and hedge funds own 87.71% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on VCTR. Royal Bank Of Canada upped their price objective on Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Barclays boosted their target price on Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. B. Riley boosted their target price on Victory Capital from $74.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday. Morgan Stanley upped their price target on Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a research report on Monday, August 18th. Finally, Wall Street Zen lowered Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.22.

Victory Capital Stock Up 2.9%

Shares of VCTR traded up $2.00 during trading hours on Friday, hitting $71.78. 882,827 shares of the company were exchanged, compared to its average volume of 619,736. The company has a market cap of $4.79 billion, a PE ratio of 17.72, a PEG ratio of 0.76 and a beta of 1.04. The firm's 50 day moving average is $67.16 and its 200-day moving average is $62.95. Victory Capital Holdings, Inc. has a 52 week low of $47.00 and a 52 week high of $73.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.37 and a current ratio of 1.37.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The company had revenue of $351.21 million during the quarter, compared to the consensus estimate of $348.89 million. During the same quarter in the prior year, the company posted $1.31 EPS. The firm's 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 EPS for the current fiscal year.

Victory Capital Dividend Announcement

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