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

Key Points

• Annex Advisory Services reduced its Victory Capital stake by 1.7%, selling 9,858 shares and retaining 581,984 shares worth approximately $48.9 million. Institutional investors collectively own 87.71% of the company.
• Analyst sentiment remains positive, with Victory Capital carrying a consensus “Moderate Buy” rating and an average price target of $98.29, although Goldman Sachs and JPMorgan maintain neutral ratings.
• Victory Capital exceeded quarterly expectations, reporting $2.21 in EPS and $435.36 million in revenue. The company also declared a $0.50 quarterly dividend, equivalent to a 1.8% yield.

Annex Advisory Services LLC lowered its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 1.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 581,984 shares of the company's stock after selling 9,858 shares during the quarter. Annex Advisory Services LLC owned 0.93% of Victory Capital worth $48,922,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Gamco Investors INC. ET AL grew its stake in shares of Victory Capital by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 13,294 shares of the company's stock worth $870,000 after purchasing an additional 134 shares during the period. Planned Solutions Inc. lifted its stake in shares of Victory Capital by 4.6% in the fourth quarter. Planned Solutions Inc. now owns 3,546 shares of the company's stock valued at $224,000 after purchasing an additional 155 shares during the period. Baird Financial Group Inc. boosted its holdings in Victory Capital by 1.6% during the second quarter. Baird Financial Group Inc. now owns 10,332 shares of the company's stock worth $658,000 after buying an additional 163 shares in the last quarter. American Century Companies Inc. boosted its holdings in Victory Capital by 1.9% during the second quarter. American Century Companies Inc. now owns 11,892 shares of the company's stock worth $757,000 after buying an additional 217 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in Victory Capital by 2.6% during the fourth quarter. ProShare Advisors LLC now owns 8,654 shares of the company's stock worth $546,000 after buying an additional 222 shares during the period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VCTR has been the subject of a number of research reports. The Goldman Sachs Group reiterated a "neutral" rating and set a $100.00 price target on shares of Victory Capital in a research report on Friday. Wall Street Zen upgraded Victory Capital from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. JPMorgan Chase & Co. raised their price objective on Victory Capital from $87.00 to $101.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Royal Bank Of Canada lifted their price objective on Victory Capital from $107.00 to $118.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Morgan Stanley set a $91.00 target price on Victory Capital in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $98.29.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $113.65 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The business's fifty day moving average price is $92.93 and its two-hundred day moving average price is $80.63. The stock has a market cap of $7.11 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 0.96 and a beta of 1.08. Victory Capital Holdings, Inc. has a one year low of $57.03 and a one year high of $114.68.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.42. The company had revenue of $435.36 million during the quarter, compared to analysts' expectations of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. On average, analysts forecast that Victory Capital Holdings, Inc. will post 7.38 EPS for the current fiscal year.

Victory Capital Dividend Announcement

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

Victory Capital Company Profile

Victory Capital NASDAQ: VCTR is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.

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