Bank of Montreal Can Boosts Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Bank of Montreal Can lifted its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 282.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,453 shares of the company's stock after purchasing an additional 32,079 shares during the period. Bank of Montreal Can owned approximately 0.07% of Victory Capital worth $2,412,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in VCTR. CWM LLC increased its stake in shares of Victory Capital by 486.2% during 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 period. Contravisory Investment Management Inc. increased its position in shares of Victory Capital by 53.2% in the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company's stock valued at $32,000 after purchasing an additional 199 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Victory Capital by 367.5% in 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 last quarter. 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 grew its stake in shares of Victory Capital by 50.7% during 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VCTR. UBS Group raised their price target on Victory Capital from $49.00 to $64.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Bank of America boosted their target price on Victory Capital from $58.00 to $59.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. The Goldman Sachs Group boosted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. 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. Finally, 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 research report on Monday, November 11th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $63.67.

Victory Capital Stock Performance

NASDAQ VCTR traded up $0.28 during trading on Friday, reaching $67.56. The company's stock had a trading volume of 348,495 shares, compared to its average volume of 392,593. The business's fifty day moving average price is $62.53 and its 200-day moving average price is $55.08. Victory Capital Holdings, Inc. has a twelve month low of $32.41 and a twelve month high of $73.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 0.61 and a beta of 0.89.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.61%. The ex-dividend date is Monday, December 9th. This is a boost from Victory Capital's previous quarterly dividend of $0.41. Victory Capital's payout ratio is 40.80%.

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.