Victory Capital Holdings, Inc. (NASDAQ:VCTR) Stock Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 372,932 shares of the company's stock after acquiring an additional 11,785 shares during the period. JPMorgan Chase & Co. owned 0.57% of Victory Capital worth $20,660,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in VCTR. Contravisory Investment Management Inc. boosted its stake in Victory Capital by 53.2% during 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 period. Farther Finance Advisors LLC boosted its position in shares of Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company's stock worth $32,000 after buying an additional 452 shares during the period. USA Financial Formulas grew its holdings in 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 buying an additional 676 shares in the last quarter. Amalgamated Bank grew its holdings in 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 buying an additional 479 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Victory Capital during the 3rd quarter valued at $72,000. 87.71% of the stock is owned by institutional investors.

Victory Capital Price Performance

Victory Capital stock traded up $2.40 during mid-day trading on Thursday, hitting $63.33. The company's stock had a trading volume of 285,727 shares, compared to its average volume of 338,659. The stock has a market capitalization of $4.12 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.59 and a beta of 0.90. Victory Capital Holdings, Inc. has a twelve month low of $32.55 and a twelve month high of $73.42. The stock's fifty day moving average price is $65.68 and its two-hundred day moving average price is $57.52. 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 business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.78%. This is a boost from Victory Capital's previous quarterly dividend of $0.41. The ex-dividend date was Monday, December 9th. Victory Capital's payout ratio is presently 43.78%.

Wall Street Analysts Forecast Growth

VCTR has been the subject of several recent analyst reports. Royal Bank of Canada increased their price target on Victory Capital from $61.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. The Goldman Sachs Group increased their target price on shares of Victory Capital from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. BMO Capital Markets boosted their price target on shares of Victory Capital from $71.00 to $78.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Barclays increased their price objective 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. Finally, UBS Group boosted their target price on Victory Capital from $49.00 to $64.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Victory Capital currently has an average rating of "Hold" and a consensus price target of $65.00.

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.