7,432 Shares in Victory Capital Holdings, Inc. $VCTR Purchased by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. acquired a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,432 shares of the company’s stock, valued at approximately $473,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of VCTR. Allspring Global Investments Holdings LLC raised its stake 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 worth $997,000 after acquiring an additional 5,807 shares during the period. KBC Group NV acquired a new stake in Victory Capital during the first quarter worth about $131,000. MorganRosel Wealth Management LLC raised its stake in Victory Capital by 6.9% during the first quarter. MorganRosel Wealth Management LLC now owns 24,192 shares of the company’s stock worth $1,400,000 after acquiring an additional 1,554 shares during the period. Principal Financial Group Inc. raised its stake in Victory Capital by 3.3% during the first quarter. Principal Financial Group Inc. now owns 54,548 shares of the company’s stock worth $3,157,000 after acquiring an additional 1,718 shares during the period. Finally, GF Fund Management CO. LTD. acquired a new stake in Victory Capital during the first quarter worth about $514,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Stock Performance

VCTR opened at $63.57 on Friday. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $73.42. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.39. The stock has a market cap of $4.25 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.64 and a beta of 1.07. The business’s 50 day moving average is $68.00 and its 200-day moving average is $64.95.

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

Victory Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th were given a $0.49 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $1.96 annualized dividend and a yield of 3.1%. Victory Capital’s payout ratio is 48.40%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VCTR. The Goldman Sachs Group reiterated a “buy” rating and set a $76.00 price objective on shares of Victory Capital in a research note on Tuesday, September 23rd. Morgan Stanley lifted their price target on Victory Capital from $67.00 to $69.00 and gave the company a “positive” rating in a report on Monday, October 6th. Zacks Research raised Victory Capital from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a report on Friday. Finally, B. Riley lifted their price target on Victory Capital from $74.00 to $82.00 and gave the company a “buy” rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Victory Capital currently has a consensus rating of “Moderate Buy” and an average price target of $74.00.

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.