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

Victory Capital Management Inc. raised its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,372 shares of the company’s stock after buying an additional 919 shares during the quarter. Victory Capital Management Inc.’s holdings in Victory Capital were worth $1,627,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of VCTR. CWM LLC raised its position in Victory Capital by 486.2% in the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after purchasing an additional 564 shares during the period. Contravisory Investment Management Inc. boosted its position in Victory Capital by 53.2% during the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after acquiring an additional 199 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 452 shares in the last quarter. USA Financial Formulas raised its stake in shares of Victory Capital by 157.9% during the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after acquiring an additional 676 shares in the last quarter. Finally, Amalgamated Bank increased its position in Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after buying an additional 479 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Victory Capital from $60.00 to $64.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. The Goldman Sachs Group increased their target price on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Bank of America lifted their target price on shares of Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada upped their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, BMO Capital Markets raised their target price on Victory Capital from $69.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Victory Capital currently has a consensus rating of “Moderate Buy” and an average price target of $63.67.

Victory Capital Trading Up 4.0 %

VCTR opened at $71.07 on Tuesday. Victory Capital Holdings, Inc. has a 52 week low of $31.18 and a 52 week high of $72.08. 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 business has a fifty day simple moving average of $59.78 and a 200-day simple moving average of $53.94. The firm has a market cap of $4.62 billion, a P/E ratio of 17.68, a P/E/G ratio of 0.60 and a beta of 0.90.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.44 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Monday, December 9th. Victory Capital’s payout ratio is currently 40.80%.

Victory Capital Company 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.