Victory Capital Holdings, Inc. (NASDAQ:VCTR) Short Interest Down 15.4% in December

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 2,030,000 shares, a decrease of 15.4% from the November 30th total of 2,400,000 shares. Based on an average trading volume of 386,000 shares, the short-interest ratio is presently 5.3 days.

Hedge Funds Weigh In On Victory Capital

Several institutional investors have recently made changes to their positions in the business. Raymond James & Associates raised its position in Victory Capital by 66.4% in the second quarter. Raymond James & Associates now owns 50,240 shares of the company's stock worth $2,398,000 after acquiring an additional 20,042 shares during the period. Bank of New York Mellon Corp lifted its position in Victory Capital by 11.0% during the second quarter. Bank of New York Mellon Corp now owns 589,887 shares of the company's stock valued at $28,155,000 after purchasing an additional 58,336 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 period. Principal Financial Group Inc. increased its position in Victory Capital by 18.4% in the second quarter. Principal Financial Group Inc. now owns 46,904 shares of the company's stock worth $2,239,000 after buying an additional 7,281 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Victory Capital in the second quarter worth about $825,000. Institutional investors own 87.71% of the company's stock.

Victory Capital Stock Performance

Shares of VCTR traded down $0.82 during trading hours on Friday, hitting $66.26. The stock had a trading volume of 195,132 shares, compared to its average volume of 393,043. Victory Capital has a 12 month low of $32.55 and a 12 month high of $73.42. The stock has a fifty day moving average price of $64.97 and a 200 day moving average price of $56.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $4.31 billion, a PE ratio of 16.48, a PEG ratio of 0.59 and a beta of 0.89.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a dividend of $0.44 per share. This is an increase from Victory Capital's previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Monday, December 9th. Victory Capital's payout ratio is currently 43.78%.

Analyst Ratings Changes

VCTR has been the topic of several research reports. Barclays boosted their price objective on shares of Victory Capital from $59.00 to $69.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. UBS Group raised their price target on 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 shares of Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a research report on Friday, December 20th. The Goldman Sachs Group lifted their target price 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. Finally, BMO Capital Markets raised their price target on shares of Victory Capital from $71.00 to $78.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Four equities 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, the company has a consensus rating of "Moderate Buy" and an average target price of $64.67.

Victory Capital Company 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.