McIlrath & Eck LLC Invests $565,000 in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

McIlrath & Eck LLC purchased a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,200 shares of the company's stock, valued at approximately $565,000.

Other hedge funds also recently made changes to their positions in the company. LSV Asset Management boosted its position in shares of Victory Capital by 2.7% in the second quarter. LSV Asset Management now owns 1,294,722 shares of the company's stock worth $61,797,000 after buying an additional 34,000 shares during the period. Bahl & Gaynor Inc. boosted its position in Victory Capital by 8.5% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,205,601 shares of the company's stock worth $57,543,000 after acquiring an additional 94,653 shares during the period. State Street Corp grew 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 valued at $64,421,000 after acquiring an additional 69,654 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Victory Capital by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock worth $57,446,000 after purchasing an additional 101,247 shares in the last quarter. Finally, Swedbank AB boosted its holdings in shares of Victory Capital by 7.1% during the second quarter. Swedbank AB now owns 750,000 shares of the company's stock worth $35,798,000 after purchasing an additional 50,000 shares during the period. Institutional investors and hedge funds own 87.71% of the company's stock.

Victory Capital Price Performance

Shares of VCTR traded up $0.99 during mid-day trading on Wednesday, reaching $66.17. The company had a trading volume of 587,183 shares, compared to its average volume of 392,966. The company's 50-day moving average is $63.18 and its 200-day moving average is $55.38. Victory Capital Holdings, Inc. has a twelve month low of $32.41 and a twelve month high of $73.42. The company has a market capitalization of $4.30 billion, a P/E ratio of 16.41, a P/E/G ratio of 0.59 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19.

Victory Capital Increases Dividend

The firm also recently declared 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 2.66%. This is a boost from Victory Capital's previous quarterly dividend of $0.41. The ex-dividend date is Monday, December 9th. Victory Capital's dividend payout ratio (DPR) is currently 43.78%.

Analysts Set New Price Targets

VCTR has been the subject of several recent research reports. The Goldman Sachs Group increased their price objective on Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. raised their price target on Victory Capital from $45.00 to $49.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. BMO Capital Markets boosted their price target on Victory Capital from $69.00 to $71.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Barclays raised their price objective 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. Finally, Morgan Stanley boosted their target price on shares of Victory Capital from $60.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. 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 data from MarketBeat.com, Victory Capital has a consensus rating of "Moderate Buy" and an average target price 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.