Victory Capital Holdings Inc (NASDAQ:VCTR) Director Acquires $89,307.48 in Stock

Victory Capital Holdings Inc (NASDAQ:VCTR) Director James B. Hawkes acquired 5,692 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was acquired at an average cost of $15.69 per share, with a total value of $89,307.48. The purchase was disclosed in a filing with the SEC, which is available at this link.

Shares of VCTR traded up $0.15 during midday trading on Monday, hitting $15.97. 76,966 shares of the stock traded hands, compared to its average volume of 104,558. Victory Capital Holdings Inc has a 1-year low of $7.27 and a 1-year high of $19.96. The firm has a market capitalization of $1.08 billion, a PE ratio of 10.94 and a beta of 1.60. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.25 and a current ratio of 2.49. The business’s 50 day moving average price is $17.85 and its two-hundred day moving average price is $15.77.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $91.36 million during the quarter, compared to the consensus estimate of $93.76 million. Victory Capital had a net margin of 16.56% and a return on equity of 22.15%. As a group, equities research analysts forecast that Victory Capital Holdings Inc will post 2.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.20 annualized dividend and a yield of 1.25%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Globeflex Capital L P bought a new stake in Victory Capital during the first quarter worth approximately $90,000. Bank of New York Mellon Corp bought a new stake in Victory Capital during the fourth quarter worth approximately $711,000. Dimensional Fund Advisors LP boosted its position in Victory Capital by 452.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 193,219 shares of the company’s stock worth $1,973,000 after purchasing an additional 158,242 shares during the period. Deutsche Bank AG boosted its position in Victory Capital by 10,100.0% during the fourth quarter. Deutsche Bank AG now owns 163,200 shares of the company’s stock worth $1,667,000 after purchasing an additional 161,600 shares during the period. Finally, EAM Global Investors LLC bought a new stake in Victory Capital during the first quarter worth approximately $1,620,000. Hedge funds and other institutional investors own 14.85% of the company’s stock.

A number of equities analysts have commented on the stock. B. Riley lifted their price objective on shares of Victory Capital from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Royal Bank of Canada lifted their price objective on shares of Victory Capital to $19.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Victory Capital in a report on Tuesday, July 23rd. ValuEngine downgraded shares of Victory Capital from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Oppenheimer began coverage on shares of Victory Capital in a report on Tuesday, June 11th. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $18.64.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.

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