Victory Capital Holdings, Inc. $VCTR Stock: Annex Advisory Services LLC Decreases Holdings

Annex Advisory Services LLC lowered its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 19.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 466,622 shares of the company's stock after selling 115,362 shares during the quarter. Annex Advisory Services LLC owned about 0.76% of Victory Capital worth $51,608,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd increased its holdings in shares of Victory Capital by 19,350.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company's stock valued at $25,000 after purchasing an additional 387 shares during the period. Nykredit A S acquired a new position in Victory Capital in the 2nd quarter valued at $26,000. Public Employees Retirement System of Ohio acquired a new position in Victory Capital in the 2nd quarter valued at $44,000. Cassaday & Co Wealth Management LLC purchased a new position in Victory Capital during the 1st quarter worth $46,000. Finally, PNC Financial Services Group Inc. raised its position in Victory Capital by 56.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,175 shares of the company's stock worth $77,000 after buying an additional 422 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

Analyst Ratings Changes

VCTR has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on Victory Capital from $107.00 to $118.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Barclays lifted their price target on Victory Capital from $112.00 to $121.00 and gave the company an "equal weight" rating in a research note on Wednesday. Morgan Stanley lifted their price target on Victory Capital from $91.00 to $115.00 and gave the company an "equal weight" rating in a research note on Friday, September 25th. UBS Group set a $117.00 price objective on Victory Capital in a report on Friday, August 28th. Finally, JPMorgan Chase & Co. increased their price objective on Victory Capital from $101.00 to $120.00 and gave the stock a "neutral" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $118.00.

Victory Capital Stock Down 0.6%

VCTR stock opened at $108.60 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company's 50 day simple moving average is $112.17 and its 200-day simple moving average is $94.48. The firm has a market capitalization of $6.68 billion, a PE ratio of 19.96, a P/E/G ratio of 0.50 and a beta of 1.12. Victory Capital Holdings, Inc. has a 12 month low of $57.03 and a 12 month high of $123.55.

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%. Equities analysts expect that Victory Capital Holdings, Inc. will post 7.79 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Thursday, September 10th. Victory Capital's dividend payout ratio is 36.76%.

Victory Capital Profile

Victory Capital Holdings, Inc is an investment management company headquartered in San Antonio, Texas. Through its investment management businesses and affiliated brands, the company provides a range of actively managed and rules-based investment strategies for individual investors, financial intermediaries, retirement plans, institutions and other organizations.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment mandates.

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