Victory Capital Holdings, Inc. $VCTR Shares Purchased by Moody National Bank Trust Division

Key Points

• Moody National Bank Trust Division increased its holdings in Victory Capital Holdings, Inc. by 21.1% in Q2, now owning approximately 0.15% of the company, valued at $6.26 million.
• Victory Capital recently reported a $1.57 EPS for the quarter, surpassing estimates, and its revenue increased by 59.9% compared to the same quarter last year.
• The company has announced a quarterly dividend of $0.49, which will be paid on September 25th, representing a 2.9% dividend yield.

Moody National Bank Trust Division boosted its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 21.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,300 shares of the company's stock after acquiring an additional 17,125 shares during the quarter. Moody National Bank Trust Division owned 0.15% of Victory Capital worth $6,259,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VCTR. Versant Capital Management Inc bought a new stake in shares of Victory Capital in the 1st quarter valued at about $34,000. Opal Wealth Advisors LLC bought a new position in shares of Victory Capital during the first quarter worth approximately $37,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Victory Capital during the first quarter worth approximately $41,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Victory Capital during the 1st quarter worth approximately $98,000. Finally, TD Private Client Wealth LLC boosted its position in shares of Victory Capital by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock worth $126,000 after acquiring an additional 329 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VCTR shares. Barclays increased their price target on Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. 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 research note on Friday, August 22nd. Finally, Morgan Stanley boosted 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. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Victory Capital currently has an average rating of "Moderate Buy" and a consensus target price of $73.22.

Victory Capital Trading Up 0.9%

Shares of VCTR traded up $0.62 during midday trading on Tuesday, hitting $66.70. The stock had a trading volume of 119,055 shares, compared to its average volume of 460,220. Victory Capital Holdings, Inc. has a 1 year low of $47.00 and a 1 year high of $73.42. The firm has a market cap of $4.45 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10. 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 stock's 50 day moving average is $69.79 and its 200 day moving average is $63.65.

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

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Wednesday, September 10th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.96 annualized dividend and a yield of 2.9%. Victory Capital's dividend payout ratio (DPR) is 48.40%.

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.