State Street Corp Grows Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

State Street Corp increased its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,162,842 shares of the company’s stock after buying an additional 69,654 shares during the period. State Street Corp owned 1.79% of Victory Capital worth $64,421,000 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 VCTR. CWM LLC grew its stake in shares of Victory Capital by 486.2% in the second quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after acquiring an additional 564 shares during the last quarter. Raymond James & Associates grew its position in Victory Capital by 66.4% during the 2nd quarter. Raymond James & Associates now owns 50,240 shares of the company’s stock valued at $2,398,000 after purchasing an additional 20,042 shares during the last quarter. Argent Capital Management LLC increased its stake in Victory Capital by 10.1% during the 2nd quarter. Argent Capital Management LLC now owns 103,352 shares of the company’s stock valued at $4,933,000 after purchasing an additional 9,478 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Victory Capital by 11.0% in the second quarter. Bank of New York Mellon Corp now owns 589,887 shares of the company’s stock worth $28,155,000 after buying an additional 58,336 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Victory Capital by 20.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,937 shares of the company’s stock worth $379,000 after buying an additional 1,351 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

NASDAQ VCTR opened at $61.19 on Thursday. The company has a 50-day moving average price of $64.01 and a 200-day moving average price of $55.82. Victory Capital Holdings, Inc. has a 52 week low of $32.55 and a 52 week high of $73.42. 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 firm has a market capitalization of $3.98 billion, a P/E ratio of 15.22, a PEG ratio of 0.59 and a beta of 0.89.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued 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 yield of 2.88%. The ex-dividend date is Monday, December 9th. Victory Capital’s dividend payout ratio is currently 43.78%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VCTR. Morgan Stanley boosted their price objective on shares of Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. BMO Capital Markets boosted their price target on Victory Capital from $69.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. The Goldman Sachs Group increased their price objective on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Barclays boosted their target price on Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, UBS Group raised their price target on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.67.

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.