Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,036,725 shares of the company's stock after buying an additional 101,247 shares during the quarter. Geode Capital Management LLC owned approximately 1.60% of Victory Capital worth $57,446,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC grew its position in Victory Capital by 110.6% in the 3rd quarter. Barclays PLC now owns 99,367 shares of the company's stock valued at $5,506,000 after acquiring an additional 52,191 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Victory Capital during the 3rd quarter worth approximately $211,000. State Street Corp increased its stake in Victory Capital by 6.4% during the 3rd quarter. State Street Corp now owns 1,162,842 shares of the company's stock worth $64,421,000 after buying an additional 69,654 shares during the period. HighTower Advisors LLC lifted its holdings in Victory Capital by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company's stock worth $520,000 after buying an additional 377 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in Victory Capital in the 3rd quarter valued at approximately $2,941,000. Hedge funds and other institutional investors own 87.71% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on VCTR shares. UBS Group upped their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Morgan Stanley increased their price target on Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a research report on Friday. BMO Capital Markets upped their target price on shares of Victory Capital from $71.00 to $78.00 and gave the stock an "outperform" rating in a research note on Thursday. Royal Bank of Canada raised their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group boosted their price target on shares of Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $64.67.

Victory Capital Stock Performance

VCTR traded up $0.14 on Monday, reaching $65.60. The company had a trading volume of 297,519 shares, compared to its average volume of 395,594. The stock has a 50-day moving average price of $64.33 and a 200-day moving average price of $56.07. The stock has a market capitalization 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 Holdings, Inc. has a 1 year low of $32.55 and a 1 year 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 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. This is a positive change from Victory Capital's previous quarterly dividend of $0.41. The ex-dividend date is Monday, December 9th. This represents a $1.76 annualized dividend and a yield of 2.68%. Victory Capital's payout ratio is 43.78%.

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.