HB Wealth Management LLC Has $201,000 Position in Victory Capital Holdings, Inc. $VCTR

HB Wealth Management LLC lowered its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 9.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,155 shares of the company’s stock after selling 311 shares during the quarter. HB Wealth Management LLC’s holdings in Victory Capital were worth $201,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VCTR. Nuveen LLC acquired a new stake in shares of Victory Capital during the first quarter worth about $27,274,000. Bahl & Gaynor Inc. raised its position in shares of Victory Capital by 17.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,825,998 shares of the company’s stock worth $105,671,000 after purchasing an additional 268,573 shares during the period. Public Sector Pension Investment Board acquired a new stake in shares of Victory Capital during the first quarter worth about $8,349,000. Vanguard Group Inc. raised its position 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 worth $236,994,000 after purchasing an additional 129,055 shares during the period. Finally, Annex Advisory Services LLC raised its position in shares of Victory Capital by 31.6% during the second quarter. Annex Advisory Services LLC now owns 520,028 shares of the company’s stock worth $33,110,000 after purchasing an additional 124,776 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VCTR. Bank of America raised their price target on Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research report on Saturday, September 27th. Barclays lifted 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 reissued a “buy” rating and issued a $76.00 target price on shares of Victory Capital in a research report on Tuesday, September 23rd. Finally, Morgan Stanley lifted their target price on Victory Capital from $67.00 to $69.00 and gave the company a “positive” rating in a research report on Monday. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.00.

Victory Capital Stock Performance

Shares of NASDAQ VCTR opened at $66.46 on Wednesday. The company has a current ratio of 1.37, a quick 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 stock has a 50 day moving average of $68.99 and a 200-day moving average of $64.14. The company has a market capitalization of $4.44 billion, a P/E ratio of 16.41, a P/E/G ratio of 0.67 and a beta of 1.07.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Thursday, August 7th. The company reported $1.57 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $348.89 million. During the same period in the previous year, the company posted $1.31 EPS. The firm’s revenue for the quarter was up 59.9% compared to the same quarter last year. As a group, equities research analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The company also recently declared 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 was Wednesday, September 10th. This represents a $1.96 annualized dividend and a yield of 2.9%. Victory Capital’s payout ratio is 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.