Annex Advisory Services LLC Trims Position in Victory Capital Holdings, Inc. $VCTR

Annex Advisory Services LLC lowered its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 581,984 shares of the company’s stock after selling 9,858 shares during the quarter. Annex Advisory Services LLC’s holdings in Victory Capital were worth $48,922,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VCTR. Vanguard Group Inc. lifted its stake in shares of Victory Capital by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock worth $303,769,000 after purchasing an additional 73,142 shares during the period. Capital World Investors grew its position in shares of Victory Capital by 4.3% in the fourth quarter. Capital World Investors now owns 3,768,001 shares of the company’s stock valued at $237,723,000 after purchasing an additional 155,732 shares during the period. Amundi acquired a new position in Victory Capital in the fourth quarter valued at $192,735,000. State Street Corp increased its stake in Victory Capital by 0.5% in the fourth quarter. State Street Corp now owns 1,857,636 shares of the company’s stock valued at $117,198,000 after purchasing an additional 8,322 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Victory Capital by 14.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock worth $114,163,000 after buying an additional 221,471 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barclays raised their price target on Victory Capital from $95.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research note on Friday, July 17th. Morgan Stanley set a $91.00 price objective on shares of Victory Capital in a report on Wednesday, July 29th. Royal Bank Of Canada raised their target price on shares of Victory Capital from $107.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Victory Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.29.

Victory Capital Price Performance

VCTR stock opened at $113.65 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Victory Capital Holdings, Inc. has a 1 year low of $57.03 and a 1 year high of $114.68. The firm has a market cap of $7.11 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 0.96 and a beta of 1.08. The stock has a 50-day simple moving average of $92.93 and a 200-day simple moving average of $80.63.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.79 by $0.42. The firm had revenue of $435.36 million for the quarter, compared to analyst estimates of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. On average, equities analysts predict that Victory Capital Holdings, Inc. will post 7.38 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.8%. Victory Capital’s dividend payout ratio (DPR) is currently 36.76%.

About Victory Capital

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.