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

RFG Advisory LLC bought a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,244 shares of the company’s stock, valued at approximately $1,197,000.

Several other hedge funds have also modified their holdings of VCTR. Paragon Capital Management Ltd acquired a new position in Victory Capital during the second quarter worth $246,000. Nykredit A S acquired a new stake in Victory Capital in the second quarter valued at $26,000. Corient Private Wealth LP acquired a new stake in Victory Capital in the second quarter valued at $322,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Victory Capital during the 2nd quarter worth $563,000. Finally, California State Teachers Retirement System grew its stake in shares of Victory Capital by 7,403.2% during the 2nd quarter. California State Teachers Retirement System now owns 3,954,098 shares of the company’s stock worth $332,381,000 after purchasing an additional 3,901,399 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VCTR shares. The Goldman Sachs Group increased their price target on shares of Victory Capital from $100.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Zacks Research raised shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Morgan Stanley set a $91.00 target price on shares of Victory Capital in a research report on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $87.00 to $101.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Victory Capital from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday. 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. According to data from MarketBeat, Victory Capital currently has an average rating of “Moderate Buy” and an average target price of $105.71.

Victory Capital Trading Down 0.7%

Shares of VCTR stock opened at $110.30 on Friday. The stock has a market cap of $6.78 billion, a P/E ratio of 20.28, a P/E/G ratio of 0.93 and a beta of 1.09. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Victory Capital Holdings, Inc. has a fifty-two week low of $57.03 and a fifty-two week high of $123.55. The business has a fifty day simple moving average of $106.41 and a 200-day simple moving average of $87.51.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.79 by $0.42. The business had revenue of $435.36 million for the quarter, compared to analyst estimates of $386.09 million. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. On average, analysts forecast that Victory Capital Holdings, Inc. will post 7.62 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. Victory Capital’s payout ratio is presently 36.76%.

Victory Capital Company Profile

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.