HighTower Advisors LLC Grows Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

HighTower Advisors LLC raised its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,351 shares of the company’s stock after purchasing an additional 377 shares during the quarter. HighTower Advisors LLC’s holdings in Victory Capital were worth $520,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of VCTR. Contravisory Investment Management Inc. increased its stake in Victory Capital by 53.2% in the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after buying an additional 199 shares during the period. Farther Finance Advisors LLC boosted its holdings in Victory Capital by 367.5% in the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after acquiring an additional 452 shares in the last quarter. USA Financial Formulas grew its holdings in shares of Victory Capital by 157.9% during the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after buying an additional 676 shares during the last quarter. Amalgamated Bank boosted its position in Victory Capital by 50.7% in the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after buying an additional 479 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Victory Capital in the third quarter valued at $72,000. 87.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on VCTR. Barclays boosted their price target on shares of Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Royal Bank of Canada boosted their price target on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Morgan Stanley raised their price objective on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday. BMO Capital Markets upped their target price on shares of Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, UBS Group raised their price target on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Victory Capital currently has a consensus rating of “Moderate Buy” and an average target price of $64.67.

Victory Capital Trading Up 4.6 %

Shares of VCTR opened at $65.46 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $64.19 and a 200 day moving average price of $55.90. Victory Capital Holdings, Inc. has a 12-month low of $32.55 and a 12-month high of $73.42. The firm has a market capitalization of $4.26 billion, a P/E ratio of 16.28, a P/E/G ratio of 0.59 and a beta of 0.89.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.69%. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio (DPR) is currently 43.78%.

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.