Stifel Financial Corp Reduces Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Stifel Financial Corp reduced its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 2.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,671 shares of the company’s stock after selling 462 shares during the quarter. Stifel Financial Corp’s holdings in Victory Capital were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in VCTR. Contravisory Investment Management Inc. boosted its holdings 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 shares of 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 during the period. USA Financial Formulas grew its position in shares of Victory Capital by 157.9% in the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after purchasing an additional 676 shares in the last quarter. Amalgamated Bank raised its stake in shares of 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 purchasing an additional 479 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Victory Capital during the 3rd quarter valued at $72,000. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Stock Up 0.2 %

VCTR opened at $65.60 on Tuesday. 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’s fifty day simple moving average is $64.47 and its 200 day simple moving average is $56.18. Victory Capital Holdings, Inc. has a 52 week low of $32.55 and a 52 week high of $73.42. The stock has a market cap of $4.27 billion, a PE ratio of 16.32, a P/E/G ratio of 0.59 and a beta of 0.89.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a $0.44 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.76 dividend on an annualized basis and a yield of 2.68%. Victory Capital’s payout ratio is presently 43.78%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VCTR. Morgan Stanley lifted their target price on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday. UBS Group boosted their price objective 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. Royal Bank of Canada increased their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. BMO Capital Markets boosted their price target on shares of Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Barclays increased their price objective 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. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $64.67.

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.