Sanctuary Advisors LLC Takes $648,000 Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Sanctuary Advisors LLC acquired a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,698 shares of the company's stock, valued at approximately $648,000.

Other large investors have also added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in Victory Capital by 66.4% during the 2nd quarter. Raymond James & Associates now owns 50,240 shares of the company's stock valued at $2,398,000 after acquiring an additional 20,042 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Victory Capital by 11.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 589,887 shares of the company's stock valued at $28,155,000 after acquiring an additional 58,336 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Victory Capital by 20.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,937 shares of the company's stock valued at $379,000 after purchasing an additional 1,351 shares during the last quarter. F M Investments LLC purchased a new position in Victory Capital in the second quarter worth $11,149,000. Finally, Principal Financial Group Inc. increased its position in shares of Victory Capital by 18.4% during the 2nd quarter. Principal Financial Group Inc. now owns 46,904 shares of the company's stock valued at $2,239,000 after purchasing an additional 7,281 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

Wall Street Analysts Forecast Growth

VCTR has been the topic of several recent research reports. BMO Capital Markets increased their target price on shares of Victory Capital from $71.00 to $78.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. The Goldman Sachs Group raised their price objective on Victory Capital from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. UBS Group upped their price target on shares of Victory Capital from $49.00 to $64.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Morgan Stanley increased their price objective on Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. Finally, Barclays lifted their target price on shares of Victory Capital from $59.00 to $69.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $64.67.

Victory Capital Stock Performance

VCTR stock traded up $1.05 on Wednesday, hitting $66.65. The company had a trading volume of 119,795 shares, compared to its average volume of 394,482. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 0.59 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock's 50-day simple moving average is $64.74 and its 200 day simple moving average is $56.37. Victory Capital Holdings, Inc. has a 12-month low of $32.55 and a 12-month high of $73.42.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.76 annualized dividend and a dividend yield of 2.64%. This is a positive change from Victory Capital's previous quarterly dividend of $0.41. Victory Capital's dividend payout ratio is presently 43.78%.

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.