Jefferies Financial Group Inc. Acquires New Position in Victory Capital Holdings, Inc. $VCTR

Jefferies Financial Group Inc. bought a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the second quarter, Holdings Channel reports. The institutional investor bought 3,574 shares of the company’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. ProShare Advisors LLC raised its stake in shares of Victory Capital by 2.0% during the second quarter. ProShare Advisors LLC now owns 9,081 shares of the company’s stock worth $578,000 after acquiring an additional 175 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Victory Capital by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock valued at $757,000 after purchasing an additional 217 shares in the last quarter. Vista Finance LLC grew its holdings in shares of Victory Capital by 4.1% during the 2nd quarter. Vista Finance LLC now owns 6,541 shares of the company’s stock valued at $416,000 after purchasing an additional 255 shares during the last quarter. EP Wealth Advisors LLC grew its holdings 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 valued at $243,000 after purchasing an additional 273 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Victory Capital by 2,131.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock worth $27,000 after purchasing an additional 405 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays cut their price target on shares of Victory Capital from $72.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $76.00 target price on shares of Victory Capital in a research note on Tuesday, September 23rd. Bank of America raised their price target on Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a research report 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, Morgan Stanley increased their price objective on Victory Capital from $67.00 to $69.00 and gave the company a “positive” rating in a research note on Monday, October 6th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.89.

Victory Capital Trading Down 0.4%

VCTR opened at $62.97 on Friday. Victory Capital Holdings, Inc. has a one year low of $47.00 and a one year high of $73.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.26. The business has a 50 day simple moving average of $64.13 and a two-hundred day simple moving average of $65.81. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 0.62 and a beta of 1.10.

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

Victory Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th will be issued a $0.49 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $1.96 annualized dividend and a yield of 3.1%. Victory Capital’s dividend payout ratio is 50.00%.

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.