Kendall Capital Management Grows Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Kendall Capital Management increased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,949 shares of the company’s stock after purchasing an additional 737 shares during the quarter. Victory Capital makes up about 1.5% of Kendall Capital Management’s holdings, making the stock its 16th biggest position. Kendall Capital Management owned approximately 0.15% of Victory Capital worth $4,532,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in VCTR. Amalgamated Bank raised its position in shares of Victory Capital by 50.7% in the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after purchasing an additional 479 shares during the period. CWM LLC increased its holdings in Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after acquiring an additional 564 shares during the period. Fiera Capital Corp increased its holdings in Victory Capital by 0.9% during the 2nd quarter. Fiera Capital Corp now owns 73,974 shares of the company’s stock worth $3,531,000 after acquiring an additional 644 shares during the period. QRG Capital Management Inc. increased its holdings in Victory Capital by 7.7% during the 2nd quarter. QRG Capital Management Inc. now owns 9,911 shares of the company’s stock worth $473,000 after acquiring an additional 709 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its holdings in Victory Capital by 10.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,800 shares of the company’s stock worth $420,000 after acquiring an additional 832 shares during the period. Institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Down 1.7 %

Shares of VCTR opened at $53.96 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.87. Victory Capital Holdings, Inc. has a twelve month low of $28.66 and a twelve month high of $55.67. The stock has a market capitalization of $3.50 billion, a P/E ratio of 16.55, a PEG ratio of 0.58 and a beta of 0.91. The firm has a fifty day simple moving average of $51.66 and a two-hundred day simple moving average of $48.70.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.26 by $0.04. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. The business had revenue of $219.62 million during the quarter, compared to analyst estimates of $220.82 million. On average, research analysts anticipate that Victory Capital Holdings, Inc. will post 5.19 EPS for the current year.

Victory Capital Increases Dividend

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 $0.41 dividend. The ex-dividend date is Tuesday, September 10th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.37. This represents a $1.64 annualized dividend and a yield of 3.04%. Victory Capital’s dividend payout ratio is 50.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VCTR shares. UBS Group cut their price target on shares of Victory Capital from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Royal Bank of Canada cut their price target on shares of Victory Capital from $56.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Barclays began coverage on shares of Victory Capital in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $58.00 price objective for the company. Morgan Stanley upped their price objective on shares of Victory Capital from $39.00 to $40.00 and gave the company an “underweight” rating in a research note on Tuesday, August 13th. Finally, Bank of America upped their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $53.67.

Victory Capital 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.