Farther Finance Advisors LLC Raises Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Farther Finance Advisors LLC lifted its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 367.5% in the third quarter, Holdings Channel reports. The institutional investor owned 575 shares of the company’s stock after acquiring an additional 452 shares during the quarter. Farther Finance Advisors LLC’s holdings in Victory Capital were worth $32,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC increased its stake in Victory Capital by 486.2% during the second quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after purchasing an additional 564 shares during the period. Contravisory Investment Management Inc. raised its stake in Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after buying an additional 199 shares in the last quarter. USA Financial Formulas boosted its position in shares of Victory Capital by 157.9% during the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after acquiring an additional 676 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Victory Capital by 50.7% in the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after acquiring an additional 479 shares during the last quarter. Finally, nVerses Capital LLC raised its position in shares of Victory Capital by 200.0% during the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the company’s stock worth $129,000 after acquiring an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on VCTR shares. 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. Morgan Stanley raised their price objective on Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday. Bank of America boosted their target price on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a report on Monday, August 12th. 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 report on Monday, August 19th. Finally, The Goldman Sachs Group increased their price objective on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday. 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.67.

Victory Capital Trading Up 0.2 %

NASDAQ:VCTR opened at $63.51 on Friday. 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 stock’s 50 day simple moving average is $58.01 and its 200-day simple moving average is $53.30. Victory Capital Holdings, Inc. has a 12-month low of $31.18 and a 12-month high of $70.56. The firm has a market cap of $4.12 billion, a P/E ratio of 15.80, a PEG ratio of 0.57 and a beta of 0.90.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.76 dividend on an annualized basis and a yield of 2.77%. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio is presently 43.78%.

Victory Capital 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.