TD Private Client Wealth LLC Buys 482 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

TD Private Client Wealth LLC increased its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 33.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,903 shares of the company’s stock after acquiring an additional 482 shares during the period. TD Private Client Wealth LLC’s holdings in Victory Capital were worth $105,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Contravisory Investment Management Inc. raised its holdings in Victory Capital by 53.2% during 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 in the last quarter. FMR LLC raised its holdings in Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after acquiring an additional 206 shares in the last quarter. HighTower Advisors LLC raised its holdings in Victory Capital by 4.2% during the third quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock worth $520,000 after acquiring an additional 377 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after acquiring an additional 452 shares in the last quarter. Finally, Amalgamated Bank raised its stake in Victory Capital by 50.7% in the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after buying an additional 479 shares during the period. Institutional investors own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VCTR has been the topic of several research analyst reports. Barclays upped their price objective on Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. BMO Capital Markets upped their price objective on Victory Capital from $69.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. UBS Group upped their price objective on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada upped their price objective on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.67.

Victory Capital Price Performance

Victory Capital stock opened at $64.30 on Monday. Victory Capital Holdings, Inc. has a 12 month low of $32.55 and a 12 month high of $73.42. The stock’s 50 day moving average is $63.71 and its 200-day moving average is $55.65. 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 company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 0.59 and a beta of 0.89.

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 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 2.74%. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio is currently 43.78%.

Victory Capital Company 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.