Victory Capital Holdings, Inc. $VCTR Stake Boosted by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management increased its stake in Victory Capital Holdings by 99.1%, owning 25,143 shares valued at approximately $1.6 million.
• Victory Capital's recent quarterly earnings surpassed analysts' estimates, reporting $1.57 earnings per share against a consensus estimate of $1.47.
• Analysts have a generally positive outlook on Victory Capital, with multiple upgrades and an average target price of $74.00, indicating a Moderate Buy rating.

Ritholtz Wealth Management grew its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 99.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,143 shares of the company's stock after acquiring an additional 12,516 shares during the period. Ritholtz Wealth Management's holdings in Victory Capital were worth $1,601,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. EP Wealth Advisors LLC grew its holdings in shares of Victory Capital by 7.0% during the 1st 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 in the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Victory Capital by 17.8% in the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company's stock valued at $126,000 after purchasing an additional 329 shares during the last quarter. FourThought Financial Partners LLC lifted its stake in shares of Victory Capital by 11.5% in the 1st quarter. FourThought Financial Partners LLC now owns 3,594 shares of the company's stock valued at $208,000 after purchasing an additional 372 shares during the last quarter. Comerica Bank lifted its stake in shares of Victory Capital by 5.8% in the 1st quarter. Comerica Bank now owns 7,559 shares of the company's stock valued at $437,000 after purchasing an additional 414 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its stake in shares of Victory Capital by 1.6% in the 2nd quarter. Wesbanco Bank Inc. now owns 29,433 shares of the company's stock valued at $1,874,000 after purchasing an additional 471 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VCTR has been the subject of several analyst reports. Barclays lifted 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. The Goldman Sachs Group reissued a "buy" rating and set a $76.00 target price on shares of Victory Capital in a research report on Tuesday, September 23rd. Zacks Research upgraded shares of Victory Capital from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. B. Riley boosted their price objective on shares of Victory Capital from $74.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Finally, Bank of America boosted their price objective on shares of Victory Capital from $83.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Victory Capital currently has an average rating of "Moderate Buy" and a consensus target price of $74.00.

Victory Capital Stock Performance

NASDAQ VCTR opened at $65.32 on Friday. The stock has a market cap of $4.36 billion, a P/E ratio of 16.13, a PEG ratio of 0.67 and a beta of 1.07. The company's 50-day simple moving average is $68.72 and its 200 day simple moving average is $64.50. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $73.42. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.39.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its earnings results 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. The business had revenue of $351.21 million for the quarter, compared to analysts' expectations of $348.89 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The firm's revenue for the quarter was up 59.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 earnings per share. As a group, research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Wednesday, September 10th were paid a $0.49 dividend. 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 3.0%. Victory Capital's payout ratio is presently 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.

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