Victory Capital Holdings, Inc. (NASDAQ:VCTR) Holdings Lowered by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 32.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,005 shares of the company’s stock after selling 9,127 shares during the period. Advisors Asset Management Inc.’s holdings in Victory Capital were worth $1,053,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Contravisory Investment Management Inc. boosted its stake in Victory Capital by 53.2% during the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after purchasing an additional 199 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after buying an additional 452 shares in the last quarter. CWM LLC grew its holdings 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 acquiring an additional 564 shares during the period. USA Financial Formulas raised its position in Victory Capital by 157.9% in the third 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. Finally, Amalgamated Bank lifted its holdings in 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. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Stock Up 4.0 %

Shares of Victory Capital stock opened at $71.07 on Tuesday. Victory Capital Holdings, Inc. has a 1 year low of $31.18 and a 1 year high of $72.08. The company has a market cap of $4.62 billion, a P/E ratio of 17.68, a P/E/G ratio of 0.60 and a beta of 0.90. 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 stock has a 50-day moving average price of $59.78 and a 200 day moving average price of $53.94.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a dividend of $0.44 per share. 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 2.48%. The ex-dividend date of this dividend is Monday, December 9th. Victory Capital’s dividend payout ratio (DPR) is currently 40.80%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VCTR shares. UBS Group lifted their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. increased 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. Royal Bank of Canada lifted their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Bank of America increased their price target on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Barclays boosted their price objective on Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.67.

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.