Victory Capital Holdings, Inc. $VCTR Shares Newly Purchased by Evanson Financial LLC

Key Points

• Evanson Financial LLC purchased 52,086 Victory Capital shares worth approximately $5.76 million, while institutional investors collectively owned 87.71% of the company.
• Analyst sentiment remains cautious: Victory Capital has a consensus “Hold” rating and an average price target of $118, despite JPMorgan and Morgan Stanley raising their targets.
• Victory Capital exceeded quarterly earnings expectations with $2.21 in EPS and $435.36 million in revenue, and recently paid a $0.50 quarterly dividend, equivalent to a 1.9% annual yield.

Evanson Financial LLC bought a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 52,086 shares of the company's stock, valued at approximately $5,761,000. Evanson Financial LLC owned about 0.08% of Victory Capital at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in VCTR. Wedbush Securities Inc. purchased a new stake in Victory Capital in the 3rd quarter valued at approximately $202,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of Victory Capital during the 3rd quarter worth $229,000. Sterling Capital Management LLC grew its stake in shares of Victory Capital by 58.4% during the 3rd quarter. Sterling Capital Management LLC now owns 1,025 shares of the company's stock worth $113,000 after purchasing an additional 378 shares during the period. Inspire Investing LLC acquired a new position in shares of Victory Capital during the 3rd quarter worth $3,002,000. Finally, Yousif Capital Management LLC increased its holdings in shares of Victory Capital by 3.9% in the 3rd quarter. Yousif Capital Management LLC now owns 12,879 shares of the company's stock valued at $1,424,000 after purchasing an additional 487 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Analyst Ratings Changes

VCTR has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Victory Capital from $101.00 to $120.00 and gave the company a "neutral" rating in a research note on Friday, October 16th. Weiss Ratings raised shares of Victory Capital from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Thursday, October 8th. Zacks Research downgraded Victory Capital from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. UBS Group set a $117.00 target price on shares of Victory Capital in a report on Friday, August 28th. Finally, Morgan Stanley upped their price target on shares of Victory Capital from $91.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $118.00.

Victory Capital Stock Performance

Shares of VCTR stock opened at $107.60 on Friday. The company's fifty day simple moving average is $111.39 and its 200-day simple moving average is $96.00. The company has a market cap of $6.62 billion, a PE ratio of 19.78, a P/E/G ratio of 0.50 and a beta of 1.12. Victory Capital Holdings, Inc. has a 52 week low of $57.03 and a 52 week high of $123.55. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.42. The company had revenue of $435.36 million during the quarter, compared to the consensus estimate of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. As a group, equities research analysts anticipate that Victory Capital Holdings, Inc. will post 7.76 EPS for the current year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, September 10th. Victory Capital's dividend payout ratio is presently 36.76%.

Victory Capital Company Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.

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