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

Argent Capital Management LLC raised its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 5.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 108,709 shares of the company’s stock after acquiring an additional 5,357 shares during the period. Argent Capital Management LLC’s holdings in Victory Capital were worth $6,022,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in VCTR. Contravisory Investment Management Inc. boosted its position in shares of Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after acquiring an additional 199 shares during the last quarter. Amalgamated Bank boosted 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 purchasing an additional 479 shares during the last quarter. CWM LLC grew its stake in shares of Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after buying an additional 564 shares during the period. Fiera Capital Corp increased its holdings in shares of Victory Capital by 0.9% during the 2nd quarter. Fiera Capital Corp now owns 73,974 shares of the company’s stock worth $3,531,000 after buying an additional 644 shares during the last quarter. Finally, USA Financial Formulas increased its holdings 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 buying an additional 676 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analysts Set New Price Targets

VCTR has been the subject of a number of research reports. Royal Bank of Canada boosted their price target on Victory Capital from $55.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Morgan Stanley upgraded Victory Capital from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $40.00 to $60.00 in a report on Friday, October 18th. Bank of America raised their price target on shares of Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a report on Monday, August 12th. The Goldman Sachs Group boosted their price objective on shares of Victory Capital from $59.50 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, UBS Group increased their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Victory Capital presently has a consensus rating of “Moderate Buy” and an average target price of $59.67.

Victory Capital Stock Up 1.8 %

Shares of NASDAQ VCTR traded up $1.02 during trading on Thursday, reaching $59.02. 44,000 shares of the stock were exchanged, compared to its average volume of 379,320. The business’s 50-day moving average price is $55.08 and its 200 day moving average price is $51.55. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.65 and a beta of 0.91. Victory Capital Holdings, Inc. has a twelve month low of $28.66 and a twelve month high of $61.68. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.87.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. The firm had revenue of $219.62 million for the quarter, compared to analyst estimates of $220.82 million. As a group, equities analysts forecast that Victory Capital Holdings, Inc. will post 5.18 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This is an increase from Victory Capital’s previous quarterly dividend of $0.37. This represents a $1.64 annualized dividend and a yield of 2.78%. Victory Capital’s payout ratio is currently 46.20%.

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.