Victory Capital (NASDAQ:VCTR) Shares Down 5.6% - Time to Sell?

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report)'s stock price was down 5.6% during mid-day trading on Tuesday . The stock traded as low as $58.77 and last traded at $59.79. Approximately 97,756 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 190,780 shares. The stock had previously closed at $63.37.

Analyst Upgrades and Downgrades

VCTR has been the topic of several research reports. UBS Group lifted their price target on Victory Capital from $49.00 to $64.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group upped their target price on shares of Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Royal Bank of Canada lifted their price target on shares of Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Morgan Stanley upped their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. Finally, B. Riley reiterated a "neutral" rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $65.00.

Victory Capital Stock Down 3.9 %

The company has a market cap of $3.96 billion, a P/E ratio of 15.16, a P/E/G ratio of 0.59 and a beta of 0.90. The company's 50-day moving average is $65.65 and its two-hundred day moving average is $57.39. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19.

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 paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.76 annualized dividend and a dividend yield of 2.89%. This is a boost from Victory Capital's previous quarterly dividend of $0.41. Victory Capital's payout ratio is currently 43.78%.

Hedge Funds Weigh In On Victory Capital

Several hedge funds and other institutional investors have recently bought and sold shares of VCTR. Franklin Resources Inc. raised its holdings in shares of Victory Capital by 113.2% during the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock valued at $115,990,000 after purchasing an additional 1,051,459 shares during the last quarter. Royce & Associates LP bought a new stake in Victory Capital in the 3rd quarter worth approximately $7,755,000. Geode Capital Management LLC raised its stake in Victory Capital by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock valued at $57,446,000 after buying an additional 101,247 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Victory Capital by 28.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company's stock valued at $25,170,000 after buying an additional 100,614 shares during the period. Finally, Federated Hermes Inc. boosted its stake in shares of Victory Capital by 54.1% in the 2nd quarter. Federated Hermes Inc. now owns 270,472 shares of the company's stock worth $12,910,000 after buying an additional 94,943 shares during the last quarter. Institutional investors own 87.71% of the company's stock.

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.