Truist Financial Corp Sells 924 Shares of Victory Capital Holdings, Inc. $VCTR

Truist Financial Corp reduced its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,413 shares of the company’s stock after selling 924 shares during the period. Truist Financial Corp’s holdings in Victory Capital were worth $1,172,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. EP Wealth Advisors LLC grew its holdings in Victory Capital by 7.0% in the first quarter. EP Wealth Advisors LLC now owns 4,193 shares of the company’s stock worth $243,000 after purchasing an additional 273 shares during the period. TD Private Client Wealth LLC grew its holdings in Victory Capital by 17.8% in the first quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company’s stock worth $126,000 after purchasing an additional 329 shares during the period. FourThought Financial Partners LLC grew its holdings in Victory Capital by 11.5% in the first quarter. FourThought Financial Partners LLC now owns 3,594 shares of the company’s stock worth $208,000 after purchasing an additional 372 shares during the period. Comerica Bank grew its holdings in Victory Capital by 5.8% in the first quarter. Comerica Bank now owns 7,559 shares of the company’s stock worth $437,000 after purchasing an additional 414 shares during the period. Finally, Wesbanco Bank Inc. grew its holdings in Victory Capital by 1.6% in the second quarter. Wesbanco Bank Inc. now owns 29,433 shares of the company’s stock worth $1,874,000 after purchasing an additional 471 shares during the period. 87.71% of the stock is owned by institutional investors.

Victory Capital Trading Down 2.1%

Shares of VCTR stock opened at $65.98 on Monday. Victory Capital Holdings, Inc. has a 12-month low of $47.00 and a 12-month high of $73.42. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $68.90 and its 200 day moving average is $64.27. The stock has a market capitalization of $4.41 billion, a P/E ratio of 16.29, a P/E/G ratio of 0.66 and a beta of 1.07.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Thursday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The company had revenue of $351.21 million for the quarter, compared to analysts’ expectations of $348.89 million. During the same quarter last year, the company posted $1.31 earnings per share. The firm’s quarterly revenue was up 59.9% on a year-over-year basis. Research analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Wednesday, September 10th were issued a $0.49 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $1.96 annualized dividend and a yield of 3.0%. Victory Capital’s dividend payout ratio (DPR) is currently 48.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VCTR. B. Riley upped their price objective on shares of Victory Capital from $74.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Bank of America increased their price target on shares of Victory Capital from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $76.00 price target on shares of Victory Capital in a report on Tuesday, September 23rd. Barclays increased their price target on shares of Victory Capital from $62.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Finally, Zacks Research upgraded shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $74.00.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.