Aptus Capital Advisors LLC Buys 15,041 Shares of Victory Capital Holdings, Inc. $VCTR

Aptus Capital Advisors LLC increased its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 15.2% during the third quarter, Holdings Channel.com reports. The fund owned 114,177 shares of the company’s stock after buying an additional 15,041 shares during the period. Aptus Capital Advisors LLC’s holdings in Victory Capital were worth $7,394,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VCTR. Principal Financial Group Inc. grew its holdings in Victory Capital by 8,812.2% during the 3rd quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock worth $18,175,000 after acquiring an additional 277,497 shares during the period. AlphaQuest LLC lifted its stake in shares of Victory Capital by 192.1% in the 3rd quarter. AlphaQuest LLC now owns 21,698 shares of the company’s stock valued at $1,405,000 after purchasing an additional 14,269 shares during the period. Annex Advisory Services LLC lifted its stake in shares of Victory Capital by 4.6% in the 3rd quarter. Annex Advisory Services LLC now owns 544,078 shares of the company’s stock valued at $35,234,000 after purchasing an additional 24,050 shares during the period. Aurora Investment Counsel bought a new stake in shares of Victory Capital during the 3rd quarter valued at about $2,205,000. Finally, Rhumbline Advisers boosted its position in shares of Victory Capital by 93.8% during the 3rd quarter. Rhumbline Advisers now owns 128,360 shares of the company’s stock valued at $8,313,000 after purchasing an additional 62,119 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Trading Down 1.6%

VCTR opened at $69.93 on Friday. Victory Capital Holdings, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $77.78. The firm has a market capitalization of $4.54 billion, a PE ratio of 17.18, a P/E/G ratio of 0.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.47 and a quick ratio of 1.47. The company’s 50-day moving average is $70.05 and its 200 day moving average is $67.07.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. The business had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The company’s quarterly revenue was up 61.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. As a group, research analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Tuesday, March 10th. This represents a $1.96 annualized dividend and a yield of 2.8%. Victory Capital’s dividend payout ratio is 48.16%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VCTR. Barclays set a $69.00 target price on Victory Capital in a report on Friday, February 6th. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Royal Bank Of Canada lifted their price objective on shares of Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Morgan Stanley dropped their target price on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.38.

Victory Capital Company Profile

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.