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

Victory Capital Management Inc. lifted its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,372 shares of the company’s stock after purchasing 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 filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Swedbank AB purchased a new position in Victory Capital in the first quarter worth about $29,701,000. Vanguard Group Inc. raised its holdings in Victory Capital by 16.4% in the 1st quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock worth $158,661,000 after acquiring an additional 527,190 shares during the last quarter. F M Investments LLC bought a new position in Victory Capital in the 2nd quarter valued at approximately $11,149,000. Lazard Asset Management LLC boosted its stake in Victory Capital by 2,335.8% during the 1st quarter. Lazard Asset Management LLC now owns 158,959 shares of the company’s stock valued at $6,743,000 after purchasing an additional 152,433 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Victory Capital by 54.1% in the 2nd quarter. Federated Hermes Inc. now owns 270,472 shares of the company’s stock worth $12,910,000 after purchasing an additional 94,943 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price target on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. UBS Group upped their target price on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Bank of America lifted their price target 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. Royal Bank of Canada increased their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley lifted their target price on shares of Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Victory Capital currently has an average rating of “Moderate Buy” and a consensus target price of $63.67.

Victory Capital Stock Up 4.0 %

VCTR opened at $71.07 on Tuesday. The firm’s 50 day simple moving average is $59.78 and its two-hundred day simple moving average is $53.94. The company has a market capitalization of $4.62 billion, a PE ratio of 17.68, a PEG ratio of 0.60 and a beta of 0.90. Victory Capital Holdings, Inc. has a 1-year low of $31.18 and a 1-year high of $72.08. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.

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 given a dividend of $0.44 per share. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Monday, December 9th. Victory Capital’s payout ratio is presently 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.