Victory Capital Holdings, Inc. $VCTR Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 43.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,410 shares of the company’s stock after selling 7,885 shares during the period. State of Alaska Department of Revenue’s holdings in Victory Capital were worth $1,151,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. ANB Bank purchased a new position in Victory Capital during the third quarter worth approximately $288,000. GAMMA Investing LLC boosted its stake in Victory Capital by 17.0% during the third quarter. GAMMA Investing LLC now owns 1,227 shares of the company’s stock worth $136,000 after buying an additional 178 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in Victory Capital in the 3rd quarter valued at $355,000. Tidal Investments LLC purchased a new stake in Victory Capital in the 2nd quarter valued at $459,000. Finally, RFG Advisory LLC purchased a new stake in Victory Capital in the 2nd quarter valued at $1,197,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Trading Up 0.7%

NASDAQ VCTR opened at $108.45 on Wednesday. The firm has a 50 day simple moving average of $111.99 and a 200-day simple moving average of $95.29. 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 one year low of $57.03 and a one year high of $123.55. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 0.50 and a beta of 1.12.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.42. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. The firm had revenue of $435.36 million for the quarter, compared to analyst estimates of $386.09 million. Equities research analysts anticipate that Victory Capital Holdings, Inc. will post 7.74 EPS for the current fiscal year.

Victory Capital Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on VCTR. Royal Bank Of Canada lifted their price target on Victory Capital from $107.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. UBS Group set a $117.00 price objective on shares of Victory Capital in a report on Friday, August 28th. Morgan Stanley raised their price objective on shares of Victory Capital from $91.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday, September 25th. The Goldman Sachs Group raised their price objective on shares of Victory Capital from $100.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings raised shares of Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $118.00.

Victory Capital Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.