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

MorganRosel Wealth Management LLC lessened its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 6.0% during the fourth quarter, HoldingsChannel reports. The firm 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 reporting period.

A number of other large investors have also recently modified their holdings of the business. Principal Securities Inc. boosted its holdings in shares of Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after acquiring an additional 157 shares in the last quarter. FMR LLC boosted its holdings in shares of Victory Capital by 18.1% during the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after acquiring an additional 206 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Victory Capital by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock valued at $520,000 after acquiring an additional 377 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after acquiring an additional 452 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in Victory Capital by 33.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock worth $105,000 after purchasing an additional 482 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on VCTR. JPMorgan Chase & Co. raised their target price on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Royal Bank of Canada raised their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. BMO Capital Markets raised 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. Barclays raised their target price on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group lifted their price objective on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $68.33.

Victory Capital Stock Performance

Shares of VCTR opened at $63.89 on Tuesday. The firm has a market capitalization of $4.16 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.55 and a beta of 0.89. The stock has a 50 day moving average price of $65.72 and a two-hundred day moving average price of $61.41. Victory Capital Holdings, Inc. has a 52 week low of $37.69 and a 52 week high of $73.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

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

About Victory Capital

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.