Annex Advisory Services LLC Acquires 124,776 Shares of Victory Capital Holdings, Inc. $VCTR

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 Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 31.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 520,028 shares of the company's stock after buying an additional 124,776 shares during the quarter. Annex Advisory Services LLC owned about 0.77% of Victory Capital worth $33,110,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of VCTR. Nuveen LLC bought a new position in shares of Victory Capital during the 1st quarter worth about $27,274,000. Bahl & Gaynor Inc. boosted its holdings in shares of Victory Capital by 17.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,825,998 shares of the company's stock worth $105,671,000 after acquiring an additional 268,573 shares in the last quarter. Public Sector Pension Investment Board acquired a new position in Victory Capital during the 1st quarter worth about $8,349,000. Vanguard Group Inc. lifted its position 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. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Victory Capital during the 4th quarter worth $6,523,000. Institutional investors own 87.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley increased their target price on Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. B. Riley lifted their price objective on shares of Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Finally, Barclays boosted their price target on Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.22.

Victory Capital Stock Down 1.4%

Shares of Victory Capital stock traded down $0.97 on Monday, hitting $66.08. The company had a trading volume of 983,750 shares, compared to its average volume of 461,680. The stock has a 50 day moving average of $69.76 and a 200-day moving average of $63.59. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 0.71 and a beta of 1.10. 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 Holdings, Inc. has a 1 year low of $47.00 and a 1 year high of $73.42.

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

Victory Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Wednesday, September 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.0%. Victory Capital's dividend payout ratio is 48.40%.

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.