MorganRosel Wealth Management LLC Has $1.48 Million Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

MorganRosel Wealth Management LLC decreased its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,638 shares of the company’s stock after selling 1,441 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Victory Capital were worth $1,482,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Farther Finance Advisors LLC raised its position in Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 452 shares during the last quarter. Principal Securities Inc. raised its position in shares of Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after acquiring an additional 157 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Victory Capital during the third quarter worth $72,000. FMR LLC raised its position in shares of Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after acquiring an additional 206 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its position in shares of Victory Capital by 33.9% during the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock worth $105,000 after acquiring an additional 482 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Royal Bank of Canada upped their price objective on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Barclays upped their price objective on Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Finally, The Goldman Sachs Group upped their price objective on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $68.33.

Victory Capital Price Performance

NASDAQ:VCTR opened at $63.89 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock’s 50 day moving average price is $65.72 and its two-hundred day moving average price is $61.41. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 0.55 and a beta of 0.89. Victory Capital Holdings, Inc. has a 12-month low of $37.69 and a 12-month high of $73.42.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. On average, analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be paid a $0.47 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 2.94%. Victory Capital’s dividend payout ratio is currently 43.02%.

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.