Victory Capital Holdings, Inc. (NASDAQ:VCTR) Short Interest Down 15.4% in December

Victory Capital Holdings, Inc. (NASDAQ:VCTR) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 2,030,000 shares, a decrease of 15.4% from the November 30th total of 2,400,000 shares. Based on an average trading volume of 386,000 shares, the days-to-cover ratio is presently 5.3 days.

Victory Capital Stock Down 0.9 %

Shares of VCTR stock opened at $65.67 on Tuesday. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.59 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The company’s fifty day moving average price is $65.07 and its 200-day moving average price is $56.79. Victory Capital has a one year low of $32.55 and a one year high of $73.42.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.68%. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, December 9th. Victory Capital’s payout ratio is presently 43.78%.

Institutional Trading of Victory Capital

Several institutional investors have recently made changes to their positions in VCTR. Raymond James & Associates lifted its holdings in Victory Capital by 66.4% in the 2nd quarter. Raymond James & Associates now owns 50,240 shares of the company’s stock worth $2,398,000 after purchasing an additional 20,042 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Victory Capital by 11.0% during the second quarter. Bank of New York Mellon Corp now owns 589,887 shares of the company’s stock valued at $28,155,000 after buying an additional 58,336 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Victory Capital by 20.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,937 shares of the company’s stock worth $379,000 after buying an additional 1,351 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Victory Capital by 18.4% during the second quarter. Principal Financial Group Inc. now owns 46,904 shares of the company’s stock worth $2,239,000 after acquiring an additional 7,281 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in Victory Capital during the second quarter valued at $825,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. UBS Group boosted their target price on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada upped their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Barclays lifted their price target on shares of Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, Morgan Stanley upped their price objective on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.67.

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.