Pembroke Management LTD Acquires 53,719 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Pembroke Management LTD grew its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 92.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 111,817 shares of the company's stock after purchasing an additional 53,719 shares during the period. Pembroke Management LTD owned approximately 0.17% of Victory Capital worth $6,195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of VCTR. Contravisory Investment Management Inc. increased 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 buying an additional 199 shares during the period. Farther Finance Advisors LLC lifted its position in Victory Capital by 367.5% in the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company's stock worth $32,000 after purchasing an additional 452 shares during the period. Amalgamated Bank lifted its position in Victory Capital by 50.7% in the second quarter. Amalgamated Bank now owns 1,423 shares of the company's stock worth $68,000 after purchasing an additional 479 shares during the period. CWM LLC boosted its stake in Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company's stock valued at $32,000 after purchasing an additional 564 shares in the last quarter. Finally, Fiera Capital Corp increased its position in shares of Victory Capital by 0.9% during the 2nd quarter. Fiera Capital Corp now owns 73,974 shares of the company's stock valued at $3,531,000 after purchasing an additional 644 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VCTR has been the subject of several research analyst reports. UBS Group upped their price objective on Victory Capital from $49.00 to $64.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. BMO Capital Markets raised their price objective on shares of Victory Capital from $61.00 to $69.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Morgan Stanley upgraded shares of Victory Capital from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $40.00 to $60.00 in a report on Friday, October 18th. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $45.00 to $49.00 and gave the company a "neutral" rating in a research note on Monday, August 19th. Finally, Barclays assumed coverage on shares of Victory Capital in a research report on Tuesday, August 27th. They issued an "equal weight" rating and a $58.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.67.

Victory Capital Stock Up 0.3 %

NASDAQ:VCTR traded up $0.19 during trading hours on Friday, hitting $60.12. 178,136 shares of the stock traded hands, compared to its average volume of 232,933. The firm has a 50 day moving average price of $56.13 and a 200 day moving average price of $52.37. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 0.64 and a beta of 0.90. Victory Capital Holdings, Inc. has a fifty-two week low of $29.50 and a fifty-two week high of $61.97. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.04. The firm had revenue of $219.62 million for the quarter, compared to analyst estimates of $220.82 million. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. Equities research analysts anticipate that Victory Capital Holdings, Inc. will post 5.18 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.73%. This is a positive change from Victory Capital's previous quarterly dividend of $0.37. The ex-dividend date was Tuesday, September 10th. Victory Capital's dividend payout ratio is 46.20%.

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.