AlphaQuest LLC Increases Stock Position in Victory Capital Holdings, Inc. $VCTR

AlphaQuest LLC boosted its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 377.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,429 shares of the company’s stock after buying an additional 5,874 shares during the quarter. AlphaQuest LLC’s holdings in Victory Capital were worth $473,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Maseco LLP purchased a new position in Victory Capital during the second quarter worth about $30,000. Caitong International Asset Management Co. Ltd purchased a new position in Victory Capital during the first quarter worth about $41,000. Farther Finance Advisors LLC boosted its stake in Victory Capital by 1,048.1% during the second 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 during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Victory Capital during the first quarter worth about $98,000. Finally, TD Private Client Wealth LLC lifted its position in shares of Victory Capital by 17.8% during the first quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company’s stock worth $126,000 after purchasing an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VCTR shares. Bank of America increased their price target on shares of Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Barclays reduced their price target on shares of Victory Capital from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 21st. Zacks Research raised shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $76.00 price target on shares of Victory Capital in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.00.

Victory Capital Stock Down 1.5%

Shares of NASDAQ:VCTR opened at $63.43 on Wednesday. The firm’s 50 day moving average price is $67.72 and its 200 day moving average price is $65.11. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07. Victory Capital Holdings, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $73.42. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.39.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. The firm had revenue of $351.21 million for the quarter, compared to analysts’ expectations of $348.89 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The firm’s revenue was up 59.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.31 earnings per share. As a group, equities research analysts predict 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 declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.1%. The ex-dividend date was Wednesday, September 10th. Victory Capital’s dividend payout ratio is currently 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.