Charles Schwab Investment Management Inc. Purchases 100,614 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Charles Schwab Investment Management Inc. grew its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 28.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 454,330 shares of the company's stock after acquiring an additional 100,614 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.70% of Victory Capital worth $25,170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Swedbank AB increased its stake in Victory Capital by 7.1% during the 2nd quarter. Swedbank AB now owns 750,000 shares of the company's stock valued at $35,798,000 after purchasing an additional 50,000 shares in the last quarter. Royce & Associates LP acquired a new position in Victory Capital during the 3rd quarter valued at about $7,755,000. Federated Hermes Inc. increased its holdings in Victory Capital by 54.1% during the 2nd quarter. Federated Hermes Inc. now owns 270,472 shares of the company's stock worth $12,910,000 after purchasing an additional 94,943 shares in the last quarter. Argent Capital Management LLC raised its stake in shares of Victory Capital by 10.1% in the second quarter. Argent Capital Management LLC now owns 103,352 shares of the company's stock worth $4,933,000 after purchasing an additional 9,478 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Victory Capital by 166.6% in the second quarter. Victory Capital Management Inc. now owns 28,453 shares of the company's stock valued at $1,358,000 after purchasing an additional 17,781 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Stock Up 0.4 %

Shares of NASDAQ:VCTR traded up $0.28 on Friday, hitting $67.56. 348,495 shares of the company traded hands, compared to its average volume of 392,593. The company has a market cap of $4.39 billion, a PE ratio of 16.74, a PEG ratio of 0.61 and a beta of 0.89. The stock has a 50 day simple moving average of $62.53 and a 200-day simple moving average of $55.08. Victory Capital Holdings, Inc. has a 52 week low of $32.41 and a 52 week high of $73.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.44 dividend. This is a positive change from Victory Capital's previous quarterly dividend of $0.41. 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 2.61%. Victory Capital's dividend payout ratio (DPR) is presently 40.80%.

Wall Street Analysts Forecast Growth

VCTR has been the subject of a number of analyst reports. UBS Group increased their price target on Victory Capital from $49.00 to $64.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. Bank of America upped their target price on Victory Capital from $58.00 to $59.00 and gave the company a "buy" rating in a report on Monday, August 12th. Morgan Stanley increased 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 report on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their target price 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Victory Capital currently has a consensus rating of "Moderate Buy" and an average price target of $63.67.

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.