Victory Capital Holdings, Inc. $VCTR Shares Newly Acquired by Evanson Financial LLC

Evanson Financial LLC acquired a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 52,086 shares of the company’s stock, valued at approximately $5,761,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of VCTR. Bank of New York Mellon Corp acquired a new position in shares of Victory Capital in the 2nd quarter worth approximately $42,035,000. Dimensional Fund Advisors LP grew its position in shares of Victory Capital by 14.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock worth $114,163,000 after acquiring an additional 221,471 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Victory Capital in the 3rd quarter worth about $17,429,000. Bank of America Corp DE grew its holdings in Victory Capital by 12.4% in the 1st quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock worth $65,965,000 after buying an additional 111,063 shares in the last quarter. Finally, Argent Capital Management LLC grew its stake in shares of Victory Capital by 52.1% in the first quarter. Argent Capital Management LLC now owns 179,683 shares of the company’s stock worth $11,766,000 after purchasing an additional 61,583 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Price Performance

NASDAQ VCTR opened at $107.60 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $6.62 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 0.50 and a beta of 1.12. Victory Capital Holdings, Inc. has a 12-month low of $57.03 and a 12-month high of $123.55. The company has a 50 day moving average price of $111.39 and a two-hundred day moving average price of $96.00.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.79 by $0.42. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. The company had revenue of $435.36 million for the quarter, compared to analyst estimates of $386.09 million. As a group, equities analysts predict that Victory Capital Holdings, Inc. will post 7.76 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Thursday, September 10th. Victory Capital’s payout ratio is presently 36.76%.

Wall Street Analysts Forecast Growth

VCTR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Victory Capital from $101.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, October 16th. Zacks Research lowered Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Royal Bank Of Canada lifted their price target on shares of Victory Capital from $107.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Barclays boosted their price objective on Victory Capital from $112.00 to $121.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. Finally, Morgan Stanley boosted their target price on shares of Victory Capital from $91.00 to $115.00 and gave the company an “equal weight” rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Victory Capital has a consensus rating of “Hold” and a consensus price target of $118.00.

Victory Capital Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.