RFG Advisory LLC Acquires Shares of 14,244 Victory Capital Holdings, Inc. $VCTR

Key Points

• RFG Advisory initiated a position of 14,244 Victory Capital shares valued at approximately $1.2 million in the second quarter. Institutional investors and hedge funds collectively own 87.71% of VCTR.
• Analyst sentiment is moderately positive, with an average “Moderate Buy” rating and a consensus price target of $105.71. Ratings range from Hold to Strong Buy, while Goldman Sachs and JPMorgan recently raised their price targets.
• Victory Capital exceeded quarterly expectations, reporting $2.21 in EPS versus the $1.79 consensus and revenue of $435.36 million. The company also declared a quarterly dividend of $0.50 per share, representing a 1.8% annualized yield.

RFG Advisory LLC bought a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,244 shares of the company's stock, valued at approximately $1,197,000.

Several other hedge funds have also modified their holdings of VCTR. Paragon Capital Management Ltd acquired a new position in Victory Capital during the second quarter worth $246,000. Nykredit A S acquired a new stake in Victory Capital in the second quarter valued at $26,000. Corient Private Wealth LP acquired a new stake in Victory Capital in the second quarter valued at $322,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Victory Capital during the 2nd quarter worth $563,000. Finally, California State Teachers Retirement System grew its stake in shares of Victory Capital by 7,403.2% during the 2nd quarter. California State Teachers Retirement System now owns 3,954,098 shares of the company's stock worth $332,381,000 after purchasing an additional 3,901,399 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VCTR shares. The Goldman Sachs Group increased their price target on shares of Victory Capital from $100.00 to $117.00 and gave the company a "neutral" rating in a report on Thursday, August 27th. Zacks Research raised shares of Victory Capital from a "hold" rating to a "strong-buy" rating in a report on Friday, July 10th. Morgan Stanley set a $91.00 target price on shares of Victory Capital in a research report on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $87.00 to $101.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Victory Capital from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Victory Capital currently has an average rating of "Moderate Buy" and an average target price of $105.71.

Victory Capital Trading Down 0.7%

Shares of VCTR stock opened at $110.30 on Friday. The stock has a market cap of $6.78 billion, a P/E ratio of 20.28, a P/E/G ratio of 0.93 and a beta of 1.09. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Victory Capital Holdings, Inc. has a fifty-two week low of $57.03 and a fifty-two week high of $123.55. The business has a fifty day simple moving average of $106.41 and a 200-day simple moving average of $87.51.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.79 by $0.42. The business had revenue of $435.36 million for the quarter, compared to analyst estimates of $386.09 million. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. On average, analysts forecast that Victory Capital Holdings, Inc. will post 7.62 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. Victory Capital's payout ratio is presently 36.76%.

Victory Capital Company Profile

Victory Capital Inc NASDAQ: VCTR is a global investment management company that provides a broad range of investment solutions to individual, institutional, intermediary and retirement investors. The company manages assets through a multiboutique structure designed to preserve the distinct investment approaches of its affiliated investment teams.

Its offerings include actively managed mutual funds, exchange-traded funds, separately managed accounts, institutional strategies, retirement-plan solutions and other portfolio management services.

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