9,164 Shares in Victory Capital Holdings, Inc. (NASDAQ:VCTR) Purchased by Kestra Private Wealth Services LLC

Posted by Defense World Staff on Apr 21st, 2023

Kestra Private Wealth Services LLC acquired a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,164 shares of the company’s stock, valued at approximately $246,000.

Other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new stake in shares of Victory Capital in the 3rd quarter valued at about $33,000. Legal & General Group Plc raised its holdings in shares of Victory Capital by 37.8% in the 2nd quarter. Legal & General Group Plc now owns 6,361 shares of the company’s stock valued at $153,000 after acquiring an additional 1,746 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Victory Capital by 15.2% in the 3rd quarter. SG Americas Securities LLC now owns 6,846 shares of the company’s stock valued at $160,000 after acquiring an additional 903 shares in the last quarter. BNP Paribas Arbitrage SNC raised its holdings in shares of Victory Capital by 60.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 7,562 shares of the company’s stock valued at $176,000 after acquiring an additional 2,847 shares in the last quarter. Finally, American International Group Inc. purchased a new stake in shares of Victory Capital in the 2nd quarter valued at about $186,000. Hedge funds and other institutional investors own 85.95% of the company’s stock.

Analyst Ratings Changes

VCTR has been the topic of several recent analyst reports. Morgan Stanley raised their price target on Victory Capital from $22.00 to $23.00 and gave the company an “underweight” rating in a report on Friday, April 14th. Piper Sandler raised Victory Capital from an “underweight” rating to an “overweight” rating and raised their price target for the company from $27.00 to $35.00 in a report on Monday, March 27th. Bank of America raised their price objective on Victory Capital from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, April 5th. Finally, Royal Bank of Canada raised their price objective on Victory Capital from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Victory Capital currently has a consensus rating of “Moderate Buy” and an average target price of $32.56.

Insider Transactions at Victory Capital

In other news, insider Kelly Stevenson Cliff sold 12,500 shares of Victory Capital stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $33.13, for a total value of $414,125.00. Following the sale, the insider now directly owns 431,422 shares in the company, valued at approximately $14,293,010.86. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 9.80% of the company’s stock.

Victory Capital Price Performance

VCTR opened at $30.22 on Friday. The stock’s 50 day simple moving average is $30.80 and its 200 day simple moving average is $29.29. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.39 and a quick ratio of 0.39. Victory Capital Holdings, Inc. has a 1 year low of $22.22 and a 1 year high of $34.01. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 7.93 and a beta of 1.12.

Victory Capital (NASDAQ:VCTR – Get Rating) last posted its quarterly earnings results on Thursday, February 9th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.01. Victory Capital had a return on equity of 30.22% and a net margin of 32.23%. The business had revenue of $201.52 million for the quarter, compared to analyst estimates of $198.38 million. As a group, analysts predict that Victory Capital Holdings, Inc. will post 4.51 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 27th. Stockholders of record on Friday, March 10th were given a $0.32 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.25. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Thursday, March 9th. Victory Capital’s dividend payout ratio (DPR) is currently 33.60%.

About Victory Capital

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Victory Capital Holdings, Inc engages in the provision of investment management products and services to institutional and intermediary clients. The company sells and distributes its products through centralized distribution model, broker-dealers, retirement platforms, and registered investment advisor networks.