9,223 Shares in Victory Capital Holdings, Inc. $VCTR Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC bought a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the first quarter, Holdings Channel reports. The firm bought 9,223 shares of the company’s stock, valued at approximately $604,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Amundi acquired a new position in Victory Capital in the 4th quarter valued at about $192,735,000. FIL Ltd acquired a new stake in shares of Victory Capital during the fourth quarter worth about $26,813,000. Invesco Ltd. lifted its position in shares of Victory Capital by 163.6% during the third quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock worth $27,971,000 after purchasing an additional 268,061 shares in the last quarter. Voloridge Investment Management LLC lifted its position in shares of Victory Capital by 747.2% during the third quarter. Voloridge Investment Management LLC now owns 299,862 shares of the company’s stock worth $19,419,000 after purchasing an additional 264,468 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Victory Capital by 227.1% in the third quarter. Barclays PLC now owns 315,141 shares of the company’s stock valued at $20,409,000 after purchasing an additional 218,808 shares during the period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VCTR. JPMorgan Chase & Co. lifted their price objective on shares of Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, May 8th. The Goldman Sachs Group initiated coverage on shares of Victory Capital in a report on Tuesday, June 2nd. They set a “neutral” rating and a $90.00 target price on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of Victory Capital in a research report on Tuesday, May 12th. Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Morgan Stanley upped their price objective on Victory Capital from $76.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $86.00.

Victory Capital Stock Performance

Shares of VCTR opened at $87.74 on Friday. The stock has a 50-day simple moving average of $84.55 and a 200-day simple moving average of $74.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $5.49 billion, a PE ratio of 19.76, a PEG ratio of 0.92 and a beta of 1.09. Victory Capital Holdings, Inc. has a 1 year low of $57.03 and a 1 year high of $90.19.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The firm had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. During the same period in the prior year, the firm earned $1.36 earnings per share. The business’s quarterly revenue was up 76.7% compared to the same quarter last year. On average, analysts predict that Victory Capital Holdings, Inc. will post 7.21 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were issued a dividend of $0.50 per share. This is a boost from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date was Wednesday, June 10th. This represents a $2.00 annualized dividend and a yield of 2.3%. Victory Capital’s dividend payout ratio (DPR) is presently 45.05%.

Victory Capital Profile

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.