Versor Investments LP Purchases New Shares in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Versor Investments LP 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 firm acquired 16,100 shares of the company's stock, valued at approximately $892,000.

A number of other institutional investors have also made changes to their positions in the stock. Capital World Investors boosted its position in shares of Victory Capital by 85.8% in the first quarter. Capital World Investors now owns 2,221,954 shares of the company's stock valued at $94,278,000 after acquiring an additional 1,025,954 shares during the period. Swedbank AB bought a new stake in Victory Capital in the 1st quarter valued at $29,701,000. Vanguard Group Inc. grew its position in Victory Capital by 16.4% in the 1st quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company's stock worth $158,661,000 after purchasing an additional 527,190 shares during the last quarter. Bahl & Gaynor Inc. increased its holdings in shares of Victory Capital by 35.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,110,948 shares of the company's stock worth $47,138,000 after purchasing an additional 288,280 shares during the period. Finally, F M Investments LLC acquired a new position in shares of Victory Capital during the second quarter valued at about $11,149,000. 87.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on VCTR. Bank of America boosted their price target on Victory Capital from $58.00 to $59.00 and gave the company a "buy" rating in a research note on Monday, August 12th. JPMorgan Chase & Co. boosted their price objective on Victory Capital from $45.00 to $49.00 and gave the company a "neutral" rating in a research report on Monday, August 19th. Barclays raised their target price on Victory Capital from $59.00 to $69.00 and gave the stock an "equal weight" rating in a research report on Monday. Royal Bank of Canada boosted their price target on shares of Victory Capital from $55.00 to $61.00 and gave the company an "outperform" rating in a report on Friday, October 11th. Finally, BMO Capital Markets raised their price objective on shares of Victory Capital from $69.00 to $71.00 and gave the stock an "outperform" rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Victory Capital has a consensus rating of "Moderate Buy" and an average price target of $62.44.

Victory Capital Price Performance

VCTR stock traded down $1.37 during trading on Wednesday, hitting $63.37. 648,757 shares of the stock traded hands, compared to its average volume of 379,663. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 0.57 and a beta of 0.90. Victory Capital Holdings, Inc. has a one year low of $31.18 and a one year high of $70.56. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84. The company has a 50 day simple moving average of $57.78 and a 200 day simple moving average of $53.23.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.44 dividend. This is an increase from Victory Capital's previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, December 9th. Victory Capital's payout ratio is presently 40.80%.

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.