Victory Capital Holdings, Inc. $VCTR Position Raised by LPL Financial LLC

LPL Financial LLC increased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 37.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,105 shares of the company’s stock after purchasing an additional 8,209 shares during the period. LPL Financial LLC’s holdings in Victory Capital were worth $1,742,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in Victory Capital in the first quarter worth approximately $34,000. Opal Wealth Advisors LLC purchased a new position in shares of Victory Capital during the 1st quarter valued at $37,000. TD Private Client Wealth LLC grew its holdings in shares of Victory Capital by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company’s stock valued at $126,000 after acquiring an additional 329 shares in the last quarter. KBC Group NV purchased a new position in shares of Victory Capital during the 1st quarter valued at $131,000. Finally, Blue Trust Inc. lifted its stake in shares of Victory Capital by 25.0% in the 1st quarter. Blue Trust Inc. now owns 3,314 shares of the company’s stock valued at $192,000 after purchasing an additional 663 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Trading Down 0.4%

VCTR opened at $69.78 on Friday. The firm’s fifty day moving average is $66.95 and its two-hundred day moving average is $62.92. 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 firm has a market cap of $4.66 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $73.42.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. The company had revenue of $351.21 million for the quarter, compared to analyst estimates of $348.89 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The business’s revenue for the quarter was up 59.9% compared to the same quarter last year. During the same period last year, the business posted $1.31 earnings per share. Equities research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, September 10th. Victory Capital’s dividend payout ratio (DPR) is presently 48.40%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VCTR. UBS Group reduced their price objective on shares of Victory Capital from $71.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Morgan Stanley upped their price objective on shares of Victory Capital from $66.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday. B. Riley upped their price objective on shares of Victory Capital from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Wall Street Zen cut shares of Victory Capital from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, Barclays upped their price objective on shares of Victory Capital from $62.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Victory Capital presently has a consensus rating of “Moderate Buy” and an average price target of $72.33.

About Victory Capital

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.