Kestra Private Wealth Services LLC Buys Shares of 9,223 Victory Capital Holdings, Inc. $VCTR

Kestra Private Wealth Services LLC bought a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 9,223 shares of the company’s stock, valued at approximately $604,000.

Other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Victory Capital by 19,350.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after acquiring an additional 387 shares during the last quarter. Core Wealth Advisors LLC acquired a new stake in Victory Capital during the fourth quarter worth about $30,000. Covestor Ltd increased its position in Victory Capital by 99.7% during the fourth quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after purchasing an additional 334 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Victory Capital by 48.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock worth $48,000 after purchasing an additional 246 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Victory Capital by 146.4% during the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after purchasing an additional 511 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Performance

Shares of VCTR stock opened at $87.74 on Friday. Victory Capital Holdings, Inc. has a 1-year low of $57.03 and a 1-year high of $90.19. The firm has a market cap of $5.49 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 0.92 and a beta of 1.09. The company has a 50-day moving average of $84.55 and a two-hundred day moving average of $74.25. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.13.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.19. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The business had revenue of $387.99 million for the quarter, compared to the consensus estimate of $364.97 million. During the same period in the previous year, the firm earned $1.36 EPS. The business’s revenue was up 76.7% on a year-over-year basis. On average, analysts predict that Victory Capital Holdings, Inc. will post 7.21 EPS for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were issued a $0.50 dividend. This is a boost from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date was Wednesday, June 10th. This represents a $2.00 annualized dividend and a yield of 2.3%. Victory Capital’s payout ratio is 45.05%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VCTR shares. Morgan Stanley boosted their target price on shares of Victory Capital from $76.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, June 26th. JPMorgan Chase & Co. raised their price target on shares of Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Barclays lifted their price target on shares of Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Victory Capital in a report on Tuesday, May 12th. Finally, Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Victory Capital has a consensus rating of “Hold” and a consensus target price of $86.00.

About Victory Capital

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.