Vicus Capital Acquires New Position in Victory Capital Holdings, Inc. $VCTR

Key Points

• Vicus Capital has acquired a new position in Victory Capital Holdings, Inc. by purchasing 4,375 shares valued at approximately $279,000 in the second quarter.
• Analysts indicate a consensus rating of "Moderate Buy" for Victory Capital, with an average target price of $73.78, following several upgrades from firms like B. Riley and Bank of America.
• Victory Capital recently announced a quarterly dividend of $0.49 per share, representing a dividend yield of 3.1% and an annualized dividend of $1.96.

Vicus Capital bought a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,375 shares of the company's stock, valued at approximately $279,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Nuveen LLC acquired a new stake in shares of Victory Capital during the 1st quarter worth approximately $27,274,000. Bahl & Gaynor Inc. increased its position in Victory Capital by 17.2% in the first quarter. Bahl & Gaynor Inc. now owns 1,825,998 shares of the company's stock worth $105,671,000 after buying an additional 268,573 shares during the period. Annex Advisory Services LLC lifted its stake in Victory Capital by 127.7% in the first quarter. Annex Advisory Services LLC now owns 395,252 shares of the company's stock valued at $22,873,000 after buying an additional 221,690 shares during the last quarter. Public Sector Pension Investment Board bought a new stake in Victory Capital in the first quarter valued at $8,349,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Victory Capital by 3.3% during the first quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company's stock valued at $236,994,000 after acquiring an additional 129,055 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VCTR has been the topic of a number of analyst reports. B. Riley increased 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. Morgan Stanley lifted their price target on Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. Barclays raised their target price on Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. The Goldman Sachs Group reiterated a "buy" rating and set a $76.00 price target on shares of Victory Capital in a research report on Tuesday, September 23rd. Finally, Bank of America increased their price target on Victory Capital from $83.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $73.78.

Victory Capital Stock Up 2.4%

Shares of VCTR stock opened at $64.05 on Friday. Victory Capital Holdings, Inc. has a 1 year low of $47.00 and a 1 year high of $73.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.37 and a current ratio of 1.37. The business's fifty day moving average is $69.25 and its 200-day moving average is $63.99. The stock has a market cap of $4.28 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 0.66 and a beta of 1.07.

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

Victory Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Wednesday, September 10th were given a dividend of $0.49 per share. The ex-dividend date was Wednesday, September 10th. This represents a $1.96 annualized dividend and a dividend yield of 3.1%. Victory Capital's dividend payout ratio (DPR) is 48.40%.

Victory Capital Company 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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