Victory Capital Holdings, Inc. $VCTR Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 4.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 45,663 shares of the company’s stock after selling 2,333 shares during the period. Hantz Financial Services Inc.’s holdings in Victory Capital were worth $2,907,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VCTR. Nisa Investment Advisors LLC lifted its holdings in Victory Capital by 2,131.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock worth $27,000 after buying an additional 405 shares in the last quarter. Maseco LLP acquired a new stake in Victory Capital during the 2nd quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd acquired a new stake in Victory Capital during the 1st quarter worth approximately $41,000. Farther Finance Advisors LLC lifted its holdings in Victory Capital by 1,048.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,504 shares of the company’s stock worth $96,000 after buying an additional 1,373 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Victory Capital during the 1st quarter worth approximately $98,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Trading Up 0.6%

Shares of NASDAQ:VCTR opened at $62.27 on Friday. Victory Capital Holdings, Inc. has a 52 week low of $47.00 and a 52 week high of $73.42. The company’s 50 day moving average is $67.23 and its two-hundred day moving average is $65.18. 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 company has a market cap of $4.16 billion, a PE ratio of 15.38, a P/E/G ratio of 0.62 and a beta of 1.07.

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

Victory Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Wednesday, September 10th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, September 10th. Victory Capital’s dividend payout ratio (DPR) is 48.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays reduced their target price on shares of Victory Capital from $72.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, October 8th. Zacks Research upgraded shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $76.00 price objective on shares of Victory Capital in a research report on Tuesday, September 23rd. Finally, Bank of America increased their price objective on shares of Victory Capital from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Victory Capital has an average rating of “Moderate Buy” and a consensus target price 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.