Victory Capital Holdings, Inc. $VCTR Shares Sold by Moran Wealth Management LLC

Key Points

• Moran Wealth Management LLC reduced its stake in Victory Capital Holdings, Inc. by 18.3% during the 2nd quarter, owning approximately 0.06% of the company worth $2.37 million.
• The company reported $1.57 EPS for the last quarter, exceeding analysts' expectations of $1.47, with a revenue increase of 59.9% year-over-year.
• Victory Capital's recent quarterly dividend of $0.49 represents an annual yield of 2.8%, with a payout ratio of 48.40%.

Moran Wealth Management LLC lessened its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 18.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,159 shares of the company's stock after selling 8,328 shares during the period. Moran Wealth Management LLC owned approximately 0.06% of Victory Capital worth $2,366,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Maseco LLP purchased a new stake in Victory Capital in the second quarter valued at about $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Victory Capital during the first quarter valued at about $41,000. Farther Finance Advisors LLC raised its position in shares of Victory Capital by 1,048.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,504 shares of the company's stock valued at $96,000 after purchasing an additional 1,373 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Victory Capital in the 1st quarter worth approximately $98,000. Finally, TD Private Client Wealth LLC boosted its stake in Victory Capital by 17.8% in the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock worth $126,000 after purchasing an additional 329 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Price Performance

NASDAQ:VCTR opened at $69.07 on Thursday. The firm's fifty day moving average is $68.84 and its two-hundred day moving average is $64.40. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 0.69 and a beta of 1.07. 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 one year low of $47.00 and a one year high of $73.42.

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

Victory Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.8%. The ex-dividend date was Wednesday, September 10th. Victory Capital's dividend payout ratio is currently 48.40%.

Analysts Set New Price Targets

A number of brokerages have issued reports on VCTR. Barclays upped their price target 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. Morgan Stanley upped their target price on Victory Capital from $67.00 to $69.00 and gave the company a "positive" rating in a research report on Monday, October 6th. B. Riley raised their target price on Victory Capital from $74.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. The Goldman Sachs Group reiterated a "buy" rating and set a $76.00 price target on shares of Victory Capital in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Victory Capital in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.00.

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.

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