TimesSquare Capital Management LLC decreased its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 809,896 shares of the company's stock after selling 14,270 shares during the quarter. TimesSquare Capital Management LLC owned 1.25% of Victory Capital worth $44,868,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Contravisory Investment Management Inc. lifted its stake in shares of Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company's stock worth $32,000 after acquiring an additional 199 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company's stock valued at $32,000 after purchasing an additional 452 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company's stock valued at $68,000 after buying an additional 479 shares during the last quarter. CWM LLC grew its position in shares of Victory Capital by 486.2% during the second quarter. CWM LLC now owns 680 shares of the company's stock worth $32,000 after buying an additional 564 shares in the last quarter. Finally, Fiera Capital Corp raised its holdings in Victory Capital by 0.9% in the second quarter. Fiera Capital Corp now owns 73,974 shares of the company's stock valued at $3,531,000 after acquiring an additional 644 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. UBS Group raised their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted 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. Morgan Stanley upgraded Victory Capital from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $40.00 to $60.00 in a research note on Friday, October 18th. The Goldman Sachs Group increased their target price on Victory Capital from $59.50 to $60.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Finally, Barclays assumed coverage on Victory Capital in a report on Tuesday, August 27th. They issued an "equal weight" rating and a $58.00 price target for the company. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Victory Capital presently has a consensus rating of "Moderate Buy" and an average target price of $59.67.
Read Our Latest Stock Analysis on VCTR
Victory Capital Stock Performance
NASDAQ:VCTR traded up $2.61 during midday trading on Friday, reaching $66.12. 363,953 shares of the company traded hands, compared to its average volume of 252,958. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 0.70 and a beta of 0.90. The company has a fifty day moving average price of $57.02 and a 200 day moving average price of $52.92. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.91 and a quick ratio of 0.91. Victory Capital Holdings, Inc. has a twelve month low of $30.12 and a twelve month high of $68.00.
Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.26 by $0.04. Victory Capital had a net margin of 30.82% and a return on equity of 30.55%. The business had revenue of $219.62 million during the quarter, compared to analyst estimates of $220.82 million. On average, analysts expect that Victory Capital Holdings, Inc. will post 5.22 EPS for the current fiscal year.
Victory Capital Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.44 dividend. This is a boost from Victory Capital's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.76 annualized dividend and a yield of 2.66%. Victory Capital's dividend payout ratio is 43.78%.
Victory Capital Profile
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Free Report)
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.
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