Victory Capital Holdings, Inc. $VCTR Shares Acquired by Annex Advisory Services LLC

Key Points

• Annex Advisory Services LLC increased its stake in Victory Capital Holdings by 31.6% in the second quarter, now holding 520,028 shares valued at approximately $33.1 million.
• Victory Capital reported an earnings per share (EPS) of $1.57 for the last quarter, exceeding analyst expectations, and announced a quarterly dividend of $0.49, representing a yield of 2.9%.
• Analyst ratings for Victory Capital are generally positive, with five analysts issuing a "Buy" rating and an average price target of $73.22.

Annex Advisory Services LLC increased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 31.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 520,028 shares of the company's stock after purchasing an additional 124,776 shares during the period. Annex Advisory Services LLC owned 0.77% of Victory Capital worth $33,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Victory Capital by 3.3% during the first quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company's stock worth $236,994,000 after purchasing an additional 129,055 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in shares of Victory Capital by 17.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,825,998 shares of the company's stock worth $105,671,000 after purchasing an additional 268,573 shares in the last quarter. Swedbank AB grew its stake in shares of Victory Capital by 4.3% during the second quarter. Swedbank AB now owns 600,000 shares of the company's stock worth $38,202,000 after purchasing an additional 25,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Victory Capital by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 511,553 shares of the company's stock worth $29,604,000 after purchasing an additional 19,508 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Victory Capital during the first quarter worth $27,274,000. Institutional investors and hedge funds own 87.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VCTR shares. B. Riley boosted their target price on shares of Victory Capital from $74.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Barclays upped their price objective on shares of Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Morgan Stanley upped their price objective on shares of Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Victory Capital presently has a consensus rating of "Moderate Buy" and an average target price of $73.22.

Victory Capital Stock Performance

NASDAQ VCTR traded up $0.50 during trading hours on Tuesday, hitting $66.58. The company had a trading volume of 445,795 shares, compared to its average volume of 462,180. Victory Capital Holdings, Inc. has a 1-year low of $47.00 and a 1-year high of $73.42. The company has a market cap of $4.45 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10. The business has a 50 day moving average of $69.79 and a 200-day moving average of $63.65. 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 announced its earnings results on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The business 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 firm earned $1.31 earnings per share. The business's quarterly revenue was up 59.9% compared to the same quarter last year. As a group, equities research analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders 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 dividend yield of 2.9%. Victory Capital's dividend payout ratio is 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.