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

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

Analyst Ratings Changes

VCTR has been the subject of a number of research reports. Royal Bank of Canada increased their price target on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. UBS Group increased their target price on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. BMO Capital Markets boosted their price target on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. The Goldman Sachs Group upped 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. 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 research report on Tuesday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $65.00.

Victory Capital Price Performance

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 business’s 50-day simple moving average is $65.68 and its two-hundred day simple moving average is $57.52. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 0.59 and a beta of 0.90.

Victory Capital Increases Dividend

The company also recently disclosed 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 is a boost from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 2.78%. Victory Capital’s dividend payout ratio is 43.78%.

Hedge Funds Weigh In On Victory Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the company. World Investment Advisors LLC bought a new position in shares of Victory Capital in the 3rd quarter worth about $918,000. Geode Capital Management LLC grew its stake in Victory Capital by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock worth $57,446,000 after purchasing an additional 101,247 shares during the period. McIlrath & Eck LLC bought a new stake in Victory Capital in the third quarter worth approximately $565,000. Bank of Montreal Can lifted its stake in Victory Capital by 282.0% in the third quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock valued at $2,412,000 after buying an additional 32,079 shares during the period. Finally, Royce & Associates LP bought a new position in shares of Victory Capital during the 3rd quarter worth approximately $7,755,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

About Victory Capital

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.