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

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

A number of other institutional investors have also recently added to or reduced their stakes in VCTR. Allspring Global Investments Holdings LLC boosted its position in Victory Capital by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,570 shares of the company’s stock worth $997,000 after purchasing an additional 5,807 shares during the period. KBC Group NV purchased a new stake in Victory Capital during the 1st quarter worth $131,000. MorganRosel Wealth Management LLC boosted its position in Victory Capital by 6.9% during the 1st quarter. MorganRosel Wealth Management LLC now owns 24,192 shares of the company’s stock worth $1,400,000 after purchasing an additional 1,554 shares during the period. Principal Financial Group Inc. lifted its holdings in Victory Capital by 3.3% in the 1st quarter. Principal Financial Group Inc. now owns 54,548 shares of the company’s stock worth $3,157,000 after buying an additional 1,718 shares in the last quarter. Finally, GF Fund Management CO. LTD. acquired a new position in Victory Capital in the 1st quarter worth $514,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VCTR has been the topic of a number of recent analyst reports. B. Riley boosted their price objective on shares of Victory Capital from $74.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Zacks Research upgraded shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Barclays cut their price objective 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a report on Friday. Finally, Morgan Stanley boosted their price objective on shares of Victory Capital from $67.00 to $69.00 and gave the stock a “positive” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Victory Capital presently has an average rating of “Moderate Buy” and an average price target of $74.00.

Victory Capital Stock Performance

Shares of Victory Capital stock opened at $63.57 on Friday. The firm 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 firm’s 50-day simple moving average is $68.00 and its 200-day simple moving average is $64.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.37 and a current ratio of 1.37. Victory Capital Holdings, Inc. has a 1 year low of $47.00 and a 1 year high of $73.42.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Thursday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $351.21 million for the quarter, compared to analyst estimates of $348.89 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The company’s revenue for the quarter was up 59.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.31 EPS. Equities analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Wednesday, September 10th were paid 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 was Wednesday, September 10th. Victory Capital’s dividend 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.