Bank of Montreal Can Purchases 32,079 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Bank of Montreal Can grew its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 282.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,453 shares of the company’s stock after acquiring an additional 32,079 shares during the quarter. Bank of Montreal Can owned 0.07% of Victory Capital worth $2,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of VCTR. CWM LLC grew its position in shares of Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after buying an additional 564 shares in the last quarter. Contravisory Investment Management Inc. grew its holdings in Victory Capital by 53.2% during the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after acquiring an additional 199 shares in the last quarter. Farther Finance Advisors LLC increased its position in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 452 shares during the period. USA Financial Formulas raised its holdings in shares of Victory Capital by 157.9% in the 3rd 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. Finally, Amalgamated Bank lifted its position in shares of Victory Capital by 50.7% in the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after purchasing an additional 479 shares during the period. 87.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on VCTR. UBS Group boosted their price objective 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. Bank of America raised their price objective on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada increased their price target 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. Morgan Stanley lifted their price objective 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. Finally, BMO Capital Markets increased their target price on shares of Victory Capital from $69.00 to $71.00 and gave the company an “outperform” 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 company. According to data from MarketBeat.com, Victory Capital has an average rating of “Moderate Buy” and a consensus price target of $63.67.

Victory Capital Trading Down 0.2 %

NASDAQ VCTR opened at $67.28 on Friday. The stock has a market cap of $4.38 billion, a P/E ratio of 16.74, a P/E/G ratio of 0.61 and a beta of 0.89. 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 Holdings, Inc. has a 12-month low of $32.41 and a 12-month high of $73.42. The company has a fifty day simple moving average of $62.53 and a two-hundred day simple moving average of $55.08.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given 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 yield of 2.62%. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s payout ratio is currently 40.80%.

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.