Victory Capital Holdings, Inc. $VCTR Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC lessened its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 18.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,159 shares of the company’s stock after selling 8,328 shares during the period. Moran Wealth Management LLC’s holdings in Victory Capital were worth $2,366,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. EP Wealth Advisors LLC raised its position in shares of Victory Capital by 7.0% during the 1st quarter. EP Wealth Advisors LLC now owns 4,193 shares of the company’s stock worth $243,000 after purchasing an additional 273 shares during the last quarter. TD Private Client Wealth LLC increased its stake in Victory Capital by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company’s stock worth $126,000 after buying an additional 329 shares in the last quarter. FourThought Financial Partners LLC raised its holdings in shares of Victory Capital by 11.5% during the first quarter. FourThought Financial Partners LLC now owns 3,594 shares of the company’s stock valued at $208,000 after acquiring an additional 372 shares during the last quarter. Comerica Bank raised its holdings in shares of Victory Capital by 5.8% during the first quarter. Comerica Bank now owns 7,559 shares of the company’s stock valued at $437,000 after acquiring an additional 414 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its position in shares of Victory Capital by 1.6% in the second quarter. Wesbanco Bank Inc. now owns 29,433 shares of the company’s stock valued at $1,874,000 after acquiring an additional 471 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

VCTR has been the subject of several research reports. Barclays boosted their price target on Victory Capital from $62.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Morgan Stanley lifted their target price on shares of Victory Capital from $67.00 to $69.00 and gave the stock a “positive” rating in a research note on Monday, October 6th. Bank of America raised their price target on shares of Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $74.00.

Victory Capital Price Performance

Victory Capital stock opened at $69.07 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $68.84 and a 200 day moving average price of $64.40. Victory Capital Holdings, Inc. has a 12-month low of $47.00 and a 12-month high of $73.42. The stock has a market cap of $4.61 billion, a P/E ratio of 17.05, a PEG ratio of 0.69 and a beta of 1.07.

Victory Capital (NASDAQ:VCTR) last posted its quarterly 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 business had revenue of $351.21 million during 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 business’s revenue for the quarter was up 59.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.31 EPS. Sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.96 annualized dividend and a yield of 2.8%. Victory Capital’s dividend payout ratio (DPR) 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.