Victory Capital Holdings, Inc. $VCTR Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH reduced its stake in Victory Capital Holdings by 7.3% during the second quarter, now owning approximately 0.10% of the company.
• Victory Capital stock received mixed ratings from analysts, with price targets ranging from $68.00 to $76.00 and a consensus rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.49 per share, representing an annual yield of 3.1%.

Allianz Asset Management GmbH lessened its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 7.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,088 shares of the company's stock after selling 5,020 shares during the quarter. Allianz Asset Management GmbH owned about 0.10% of Victory Capital worth $4,080,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. EP Wealth Advisors LLC increased its stake in shares of Victory Capital by 7.0% during the first quarter. EP Wealth Advisors LLC now owns 4,193 shares of the company's stock valued at $243,000 after acquiring an additional 273 shares during the period. TD Private Client Wealth LLC grew its position in Victory Capital by 17.8% in the first quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock worth $126,000 after buying an additional 329 shares during the last quarter. FourThought Financial Partners LLC grew its position in Victory Capital by 11.5% in the first quarter. FourThought Financial Partners LLC now owns 3,594 shares of the company's stock worth $208,000 after buying an additional 372 shares during the last quarter. Comerica Bank grew its position in Victory Capital by 5.8% in the first quarter. Comerica Bank now owns 7,559 shares of the company's stock worth $437,000 after buying an additional 414 shares during the last quarter. Finally, Wesbanco Bank Inc. grew its position in Victory Capital by 1.6% in the second quarter. Wesbanco Bank Inc. now owns 29,433 shares of the company's stock worth $1,874,000 after buying an additional 471 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VCTR shares. Barclays lowered their price objective on shares of Victory Capital from $72.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Weiss Ratings reiterated a "buy (b)" rating on shares of Victory Capital in a research report on Wednesday, October 8th. Morgan Stanley lifted their price objective on shares of Victory Capital from $67.00 to $69.00 and gave the stock a "positive" rating in a research report on Monday, October 6th. Zacks Research upgraded shares of Victory Capital from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 7th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $76.00 price objective on shares of Victory Capital in a research report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $74.00.

Victory Capital Stock Down 2.1%

Victory Capital stock opened at $63.19 on Friday. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 0.65 and a beta of 1.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.37. Victory Capital Holdings, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $73.42. The firm has a fifty day moving average price of $68.15 and a two-hundred day moving average price of $64.77.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 27.18% and a return on equity of 26.46%. The business's revenue was up 59.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.31 EPS. As a group, analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.96 dividend on an annualized basis and a yield of 3.1%. Victory Capital's payout ratio is currently 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.

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