Farther Finance Advisors LLC Acquires 452 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Farther Finance Advisors LLC increased its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTRFree Report) by 367.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 575 shares of the company’s stock after acquiring an additional 452 shares during the period. Farther Finance Advisors LLC’s holdings in Victory Capital were worth $32,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new position in shares of Victory Capital during the first quarter worth approximately $231,000. Sei Investments Co. raised its position in Victory Capital by 106.7% during the 1st quarter. Sei Investments Co. now owns 113,254 shares of the company’s stock valued at $4,805,000 after purchasing an additional 58,458 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Victory Capital by 10.0% in the 1st quarter. QRG Capital Management Inc. now owns 9,202 shares of the company’s stock worth $390,000 after buying an additional 839 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Victory Capital during the 1st quarter worth $1,431,000. Finally, US Bancorp DE increased its stake in shares of Victory Capital by 7.8% during the first quarter. US Bancorp DE now owns 14,694 shares of the company’s stock valued at $623,000 after buying an additional 1,064 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. 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 report on Tuesday. Bank of America boosted their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Morgan Stanley increased their target price on Victory Capital from $60.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, Barclays upped their price objective on Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Victory Capital currently has an average rating of “Moderate Buy” and a consensus price target of $63.67.

Check Out Our Latest Research Report on VCTR

Victory Capital Stock Performance

Shares of Victory Capital stock opened at $63.51 on Friday. The company has a 50 day moving average price of $58.01 and a 200 day moving average price of $53.30. The firm has a market capitalization of $4.12 billion, a P/E ratio of 15.80, a PEG ratio of 0.57 and a beta of 0.90. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a 52 week low of $31.18 and a 52 week high of $70.56.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.44 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, December 9th. Victory Capital’s payout ratio is presently 43.78%.

Victory Capital Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Victory Capital (NASDAQ:VCTR)

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