Allianz Asset Management GmbH Sells 5,020 Shares of Victory Capital Holdings, Inc. $VCTR

Allianz Asset Management GmbH decreased its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 7.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 64,088 shares of the company’s stock after selling 5,020 shares during the quarter. Allianz Asset Management GmbH’s holdings in Victory Capital were worth $4,080,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in VCTR. Allspring Global Investments Holdings LLC increased its holdings in shares of Victory Capital by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,570 shares of the company’s stock worth $997,000 after purchasing an additional 5,807 shares during the period. KBC Group NV bought a new position in shares of Victory Capital during the 1st quarter worth about $131,000. MorganRosel Wealth Management LLC increased its holdings in shares of Victory Capital by 6.9% during the 1st quarter. MorganRosel Wealth Management LLC now owns 24,192 shares of the company’s stock worth $1,400,000 after purchasing an additional 1,554 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Victory Capital by 3.3% during the 1st quarter. Principal Financial Group Inc. now owns 54,548 shares of the company’s stock worth $3,157,000 after purchasing an additional 1,718 shares during the period. Finally, GF Fund Management CO. LTD. bought a new position in shares of Victory Capital during the 1st quarter worth about $514,000. Institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

Shares of Victory Capital stock opened at $63.19 on Friday. 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 stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 0.65 and a beta of 1.07. Victory Capital Holdings, Inc. has a 1-year low of $47.00 and a 1-year high of $73.42. The firm’s 50-day moving average price is $68.15 and its two-hundred day moving average price is $64.77.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. The firm had revenue of $351.21 million for the quarter, compared to analysts’ expectations of $348.89 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The company’s quarterly revenue was up 59.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 earnings per share. On average, equities analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, September 10th. Victory Capital’s dividend payout ratio is currently 48.40%.

Analyst Ratings Changes

A number of analysts recently weighed in on VCTR shares. Bank of America upped their target price on shares of Victory Capital from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. B. Riley upped their target price on shares of Victory Capital from $74.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Zacks Research raised shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Morgan Stanley upped their target price on shares of Victory Capital from $67.00 to $69.00 and gave the company a “positive” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.