Huntleigh Advisors Inc. Acquires Shares of 34,186 Victory Capital Holdings, Inc. $VCTR

Key Points

• Huntleigh Advisors Inc. has acquired 34,186 shares of Victory Capital Holdings, Inc. valued at approximately $2.18 million, increasing its stake to 0.05% in the company.
• Victory Capital reported $1.57 EPS for the last quarter, exceeding analysts' estimates, with a revenue increase of nearly 60% year-over-year.
• The firm has recently announced a quarterly dividend of $0.49 per share, yielding around 3.0%, with a payout ratio of 48.40%.

Huntleigh Advisors Inc. acquired a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 34,186 shares of the company's stock, valued at approximately $2,177,000. Huntleigh Advisors Inc. owned 0.05% of Victory Capital at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. EP Wealth Advisors LLC increased its position in Victory Capital by 7.0% during the 1st quarter. EP Wealth Advisors LLC now owns 4,193 shares of the company's stock valued at $243,000 after purchasing an additional 273 shares during the period. TD Private Client Wealth LLC increased its position in Victory Capital by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock valued at $126,000 after purchasing an additional 329 shares during the period. FourThought Financial Partners LLC increased its position in Victory Capital by 11.5% during the 1st quarter. FourThought Financial Partners LLC now owns 3,594 shares of the company's stock valued at $208,000 after purchasing an additional 372 shares during the period. Comerica Bank increased its position in Victory Capital by 5.8% during the 1st quarter. Comerica Bank now owns 7,559 shares of the company's stock valued at $437,000 after purchasing an additional 414 shares during the period. Finally, Wesbanco Bank Inc. increased its position in Victory Capital by 1.6% during the 2nd quarter. Wesbanco Bank Inc. now owns 29,433 shares of the company's stock valued at $1,874,000 after purchasing an additional 471 shares during the period. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Stock Performance

Shares of Victory Capital stock opened at $65.32 on Friday. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 0.67 and a beta of 1.07. The firm's 50-day moving average is $68.72 and its 200 day moving average is $64.50. Victory Capital Holdings, Inc. has a 1 year low of $47.00 and a 1 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.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. The company had revenue of $351.21 million for the quarter, compared to analysts' expectations of $348.89 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. Victory Capital's revenue was up 59.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 EPS. Sell-side analysts anticipate 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 was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th were given a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.96 dividend on an annualized basis and a yield of 3.0%. Victory Capital's payout ratio is 48.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VCTR. Morgan Stanley boosted their target price on shares of Victory Capital from $67.00 to $69.00 and gave the company a "positive" rating in a report on Monday, October 6th. The Goldman Sachs Group restated a "buy" rating and set a $76.00 target price on shares of Victory Capital in a report on Tuesday, September 23rd. Bank of America boosted their target price on shares of Victory Capital from $83.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. Zacks Research upgraded shares of Victory Capital from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Victory Capital in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $74.00.

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.

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