5,700 Victory Capital Holdings, Inc. $VCTR Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division reduced its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,857 shares of the company’s stock after selling 5,700 shares during the period. Victory Capital accounts for about 0.6% of Moody National Bank Trust Division’s investment portfolio, making the stock its 23rd largest holding. Moody National Bank Trust Division’s holdings in Victory Capital were worth $8,611,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of VCTR. Tidal Investments LLC purchased a new position in shares of Victory Capital during the second quarter valued at approximately $459,000. RFG Advisory LLC purchased a new stake in shares of Victory Capital in the 2nd quarter worth approximately $1,197,000. Paragon Capital Management Ltd bought a new position in Victory Capital during the 2nd quarter valued at approximately $246,000. Nykredit A S bought a new position in Victory Capital during the 2nd quarter valued at approximately $26,000. Finally, Corient Private Wealth LP purchased a new position in Victory Capital during the second quarter valued at $322,000. Institutional investors own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Zacks Research cut Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Barclays lifted their price target on Victory Capital from $95.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Victory Capital from $87.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Victory Capital from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, September 9th. Finally, Morgan Stanley lifted their target price on shares of Victory Capital from $91.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, September 25th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Victory Capital has an average rating of “Hold” and a consensus target price of $113.33.

Victory Capital Stock Performance

NASDAQ VCTR traded down $1.43 during trading hours on Tuesday, hitting $113.85. The company’s stock had a trading volume of 617,556 shares, compared to its average volume of 592,500. Victory Capital Holdings, Inc. has a 12 month low of $57.03 and a 12 month high of $123.55. The company’s 50 day simple moving average is $110.62 and its two-hundred day simple moving average is $91.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $7.00 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12.

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

Victory Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, September 10th. Victory Capital’s payout ratio is 36.76%.

Victory Capital 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.