Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 6.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,508 shares of the company’s stock after acquiring an additional 658 shares during the quarter. Apollon Wealth Management LLC’s holdings in Victory Capital were worth $582,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Victory Capital by 16.4% in the first quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock valued at $158,661,000 after purchasing an additional 527,190 shares during the period. Capital World Investors boosted its position in Victory Capital by 85.8% in the 1st quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock valued at $94,278,000 after buying an additional 1,025,954 shares during the period. LSV Asset Management grew its stake in shares of Victory Capital by 2.7% in the second quarter. LSV Asset Management now owns 1,294,722 shares of the company’s stock worth $61,797,000 after acquiring an additional 34,000 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in shares of Victory Capital by 8.5% in the second quarter. Bahl & Gaynor Inc. now owns 1,205,601 shares of the company’s stock worth $57,543,000 after acquiring an additional 94,653 shares in the last quarter. Finally, Swedbank AB raised its stake in shares of Victory Capital by 7.1% in the second quarter. Swedbank AB now owns 750,000 shares of the company’s stock valued at $35,798,000 after acquiring an additional 50,000 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Stock Performance

Shares of VCTR stock opened at $63.20 on Friday. The stock’s 50-day moving average is $58.25 and its two-hundred day moving average is $53.40. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.19. Victory Capital Holdings, Inc. has a 1 year low of $31.18 and a 1 year high of $70.56. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 0.56 and a beta of 0.90.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Monday, December 9th. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio (DPR) is currently 40.80%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Bank of America upped their price target on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, August 12th. UBS Group upped their target price 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. BMO Capital Markets lifted their price target on shares of Victory Capital from $69.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. The Goldman Sachs Group increased their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.67.

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.