Victory Capital Holdings, Inc. $VCTR Stock Sold by Moody National Bank Trust Division

Moody National Bank Trust Division lowered its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 6.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,857 shares of the company’s stock after selling 5,700 shares during the quarter. Victory Capital comprises approximately 0.6% of Moody National Bank Trust Division’s portfolio, making the stock its 23rd largest holding. Moody National Bank Trust Division owned approximately 0.13% of Victory Capital worth $8,611,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in shares of Victory Capital during the 2nd quarter valued at about $42,035,000. Dimensional Fund Advisors LP raised its stake in Victory Capital by 14.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock valued at $114,163,000 after purchasing an additional 221,471 shares in the last quarter. Capital World Investors lifted its position in Victory Capital by 4.3% during the fourth quarter. Capital World Investors now owns 3,768,001 shares of the company’s stock valued at $237,723,000 after purchasing an additional 155,732 shares during the last quarter. Bank of America Corp DE raised its position in Victory Capital by 12.4% during the first 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 in the last quarter. Finally, Argent Capital Management LLC boosted its holdings in shares of Victory Capital by 52.1% in the 1st quarter. Argent Capital Management LLC now owns 179,683 shares of the company’s stock worth $11,766,000 after purchasing an additional 61,583 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VCTR. Weiss Ratings upgraded Victory Capital from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, September 9th. Barclays lifted their price target on shares of Victory Capital from $95.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Royal Bank Of Canada increased their target price on shares of Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, August 7th. JPMorgan Chase & Co. lifted their target price on shares of Victory Capital from $87.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Morgan Stanley boosted their price target on shares of Victory Capital from $91.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, September 25th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Victory Capital has an average rating of “Hold” and a consensus target price of $113.33.

Victory Capital Trading Down 1.2%

Shares of NASDAQ:VCTR traded down $1.43 during midday trading on Tuesday, hitting $113.85. 617,556 shares of the stock traded hands, compared to its average volume of 592,500. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $110.62 and its two-hundred day moving average is $91.96. The stock has a market capitalization of $7.00 billion, a PE ratio of 20.93, a P/E/G ratio of 0.93 and a beta of 1.12. Victory Capital Holdings, Inc. has a one year low of $57.03 and a one year high of $123.55.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.42. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%.The business had revenue of $435.36 million during the quarter, compared to analyst estimates of $386.09 million. As a group, research analysts forecast that Victory Capital Holdings, Inc. will post 7.79 earnings per share for the current year.

Victory Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 10th were given 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 payout ratio is presently 36.76%.

Victory Capital Company Profile

Victory Capital Holdings, Inc is an investment management company headquartered in San Antonio, Texas. Through its investment management businesses and affiliated brands, the company provides a range of actively managed and rules-based investment strategies for individual investors, financial intermediaries, retirement plans, institutions and other organizations.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment mandates.