HighTower Advisors LLC Purchases 607 Shares of Victory Capital Holdings, Inc. $VCTR

HighTower Advisors LLC increased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,522 shares of the company’s stock after buying an additional 607 shares during the period. HighTower Advisors LLC’s holdings in Victory Capital were worth $609,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in Victory Capital by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 16,570 shares of the company’s stock valued at $997,000 after acquiring an additional 5,807 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Victory Capital by 3.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 128,061 shares of the company’s stock worth $7,411,000 after purchasing an additional 4,377 shares during the last quarter. SG Americas Securities LLC bought a new stake in Victory Capital during the 1st quarter valued at approximately $657,000. KBC Group NV acquired a new stake in Victory Capital in the 1st quarter valued at approximately $131,000. Finally, Charles Schwab Investment Management Inc. increased its position in Victory Capital by 4.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 511,553 shares of the company’s stock worth $29,604,000 after buying an additional 19,508 shares during the period. Institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Performance

NASDAQ:VCTR opened at $71.28 on Friday. The firm has a market capitalization of $4.76 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04. 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 Holdings, Inc. has a 12-month low of $47.00 and a 12-month high of $73.42. The firm has a 50-day moving average price of $68.07 and a 200 day moving average price of $63.08.

Victory Capital (NASDAQ:VCTR) last released 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. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The company had revenue of $351.21 million for the quarter, compared to analyst estimates of $348.89 million. During the same period in the prior year, the company posted $1.31 EPS. The company’s revenue was up 59.9% compared to the same quarter last year. Research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, September 10th. Victory Capital’s dividend payout ratio is currently 48.40%.

Analysts Set New Price Targets

Several research firms have recently weighed in on VCTR. Wall Street Zen cut Victory Capital from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Morgan Stanley increased their price target on shares of Victory Capital from $66.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, August 18th. Royal Bank Of Canada boosted their price objective on shares of Victory Capital from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, May 13th. B. Riley increased their target price on shares of Victory Capital from $74.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Finally, Barclays lifted their target price on Victory Capital from $62.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.22.

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.