4,893 Shares in Victory Capital Holdings, Inc. $VCTR Bought by Inceptionr LLC

Inceptionr LLC acquired a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the 2nd quarter, Holdings Channel reports. The fund acquired 4,893 shares of the company’s stock, valued at approximately $312,000.

Other institutional investors have also recently bought and sold shares of the company. HB Wealth Management LLC bought a new position in shares of Victory Capital in the first quarter worth about $201,000. LPL Financial LLC increased its position in Victory Capital by 37.5% during the 1st quarter. LPL Financial LLC now owns 30,105 shares of the company’s stock worth $1,742,000 after purchasing an additional 8,209 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Victory Capital by 26.9% in the 1st quarter. Mackenzie Financial Corp now owns 25,086 shares of the company’s stock valued at $1,452,000 after purchasing an additional 5,311 shares during the last quarter. Vestcor Inc boosted its position in Victory Capital by 136.1% in the first quarter. Vestcor Inc now owns 7,831 shares of the company’s stock valued at $453,000 after buying an additional 4,514 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Victory Capital by 31.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,196 shares of the company’s stock valued at $359,000 after buying an additional 1,466 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VCTR has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, October 8th. Bank of America upped their target price on Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Zacks Research downgraded Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Morgan Stanley boosted their price target on Victory Capital from $67.00 to $69.00 and gave the stock a “positive” rating in a report on Monday, October 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Victory Capital in a research note on Tuesday, September 23rd. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.89.

Victory Capital Trading Down 0.4%

NASDAQ VCTR opened at $62.97 on Friday. The firm has a market capitalization of $4.09 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 0.61 and a beta of 1.10. The business’s 50-day moving average price is $64.13 and its two-hundred day moving average price is $65.82. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.41. Victory Capital Holdings, Inc. has a 12 month low of $47.00 and a 12 month high of $73.00.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.03. Victory Capital had a return on equity of 24.23% and a net margin of 25.27%.The company had revenue of $361.20 million for the quarter, compared to analyst estimates of $361.14 million. During the same period in the previous year, the firm earned $1.35 earnings per share. The firm’s quarterly revenue was up 60.1% on a year-over-year basis. On average, analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be 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 of this dividend is Wednesday, December 10th. Victory Capital’s dividend payout ratio is currently 50.00%.

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.