Victory Capital Holdings, Inc. $VCTR Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 43.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,410 shares of the company’s stock after selling 7,885 shares during the quarter. State of Alaska Department of Revenue’s holdings in Victory Capital were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. RFG Advisory LLC purchased a new position in shares of Victory Capital during the second quarter worth approximately $1,197,000. Royal Bank of Canada increased its holdings in shares of Victory Capital by 26.8% in the 1st quarter. Royal Bank of Canada now owns 182,050 shares of the company’s stock valued at $11,920,000 after acquiring an additional 38,511 shares during the period. Janus Henderson Group PLC raised its position in Victory Capital by 203.5% in the 1st quarter. Janus Henderson Group PLC now owns 58,127 shares of the company’s stock valued at $3,805,000 after purchasing an additional 38,977 shares during the last quarter. Bank of America Corp DE raised its position 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 valued at $65,965,000 after purchasing an additional 111,063 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Victory Capital in the 2nd quarter valued at $4,710,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in 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 stock a “neutral” rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. lifted 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. Morgan Stanley upped their target price on shares of Victory Capital from $91.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, September 25th. UBS Group set a $117.00 target price on shares of Victory Capital in a report on Friday, August 28th. Finally, Zacks Research downgraded shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $118.00.

Victory Capital Stock Up 0.7%

Shares of Victory Capital stock opened at $108.45 on Wednesday. The company has a market cap of $6.67 billion, a P/E ratio of 19.94, a PEG ratio of 0.50 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Victory Capital Holdings, Inc. has a one year low of $57.03 and a one year high of $123.55. The firm has a fifty day moving average of $111.99 and a two-hundred day moving average of $95.29.

Victory Capital (NASDAQ:VCTR) last released its 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. The company had revenue of $435.36 million during the quarter, compared to analysts’ expectations 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 7.74 earnings per share for the current year.

Victory Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Thursday, September 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, September 10th. Victory Capital’s dividend payout ratio is currently 36.76%.

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.