Advisors Asset Management Inc. Reduces Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Advisors Asset Management Inc. lowered its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 32.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,005 shares of the company's stock after selling 9,127 shares during the period. Advisors Asset Management Inc.'s holdings in Victory Capital were worth $1,053,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its position in Victory Capital by 486.2% in the second quarter. CWM LLC now owns 680 shares of the company's stock worth $32,000 after buying an additional 564 shares during the last quarter. Contravisory Investment Management Inc. lifted its position 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 during the last quarter. Farther Finance Advisors LLC grew its stake 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 last quarter. USA Financial Formulas lifted its position 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 worth $61,000 after acquiring an additional 676 shares during the period. Finally, Amalgamated Bank raised its position in Victory Capital by 50.7% in the second quarter. Amalgamated Bank now owns 1,423 shares of the company's stock worth $68,000 after purchasing an additional 479 shares in the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Stock Up 1.6 %

Shares of Victory Capital stock traded up $1.17 during trading hours on Tuesday, reaching $72.24. The company's stock had a trading volume of 529,825 shares, compared to its average volume of 388,243. The company has a market capitalization of $4.70 billion, a P/E ratio of 17.97, a P/E/G ratio of 0.60 and a beta of 0.90. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital Holdings, Inc. has a one year low of $31.18 and a one year high of $72.33. The stock's fifty day simple moving average is $60.13 and its two-hundred day simple moving average is $54.07.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Monday, December 9th. This is an increase from Victory Capital's previous quarterly dividend of $0.41. Victory Capital's dividend payout ratio (DPR) is 40.80%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on VCTR shares. BMO Capital Markets boosted their target price on Victory Capital from $69.00 to $71.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. Barclays boosted their price target on shares of Victory Capital from $59.00 to $69.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Morgan Stanley lifted their price target on shares of Victory Capital from $60.00 to $64.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. UBS Group increased their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Victory Capital from $45.00 to $49.00 and gave the stock a "neutral" rating in a research report on Monday, August 19th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.67.

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.