RFG Advisory LLC Buys Shares of 14,244 Victory Capital Holdings, Inc. $VCTR

RFG Advisory LLC purchased a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 2nd quarter, Holdings Channel reports. The firm purchased 14,244 shares of the company’s stock, valued at approximately $1,197,000.

Other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Victory Capital by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,469 shares of the company’s stock valued at $1,416,000 after acquiring an additional 1,060 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Victory Capital by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 366,318 shares of the company’s stock worth $21,199,000 after purchasing an additional 5,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Victory Capital by 10.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,285 shares of the company’s stock worth $5,688,000 after purchasing an additional 9,319 shares in the last quarter. Jane Street Group LLC acquired a new position in Victory Capital in the 1st quarter valued at about $3,747,000. Finally, Intech Investment Management LLC raised its stake in Victory Capital by 18.8% in the 1st quarter. Intech Investment Management LLC now owns 20,442 shares of the company’s stock valued at $1,183,000 after purchasing an additional 3,237 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Stock Performance

NASDAQ VCTR opened at $110.30 on Friday. The business’s 50-day moving average price is $106.41 and its 200 day moving average price is $87.51. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $123.55. The company has a market capitalization of $6.78 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 0.93 and a beta of 1.09. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.79 by $0.42. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%.The company had revenue of $435.36 million during the quarter, compared to analysts’ expectations of $386.09 million. On average, research analysts predict that Victory Capital Holdings, Inc. will post 7.62 earnings per share for the current year.

Victory Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. Victory Capital’s dividend payout ratio (DPR) is currently 36.76%.

Analyst Ratings Changes

Several research firms have issued reports on VCTR. Morgan Stanley set a $91.00 price target on shares of Victory Capital in a research note on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of Victory Capital from $87.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Finally, Royal Bank Of Canada lifted their target price on shares of Victory Capital from $107.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.71.

About Victory Capital

Victory Capital Inc (NASDAQ:VCTR) is a global investment management company that provides a broad range of investment solutions to individual, institutional, intermediary and retirement investors. The company manages assets through a multiboutique structure designed to preserve the distinct investment approaches of its affiliated investment teams.

Its offerings include actively managed mutual funds, exchange-traded funds, separately managed accounts, institutional strategies, retirement-plan solutions and other portfolio management services.