Kingsview Wealth Management LLC Invests $2.29 Million in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Kingsview Wealth Management LLC purchased a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 41,303 shares of the company’s stock, valued at approximately $2,288,000. Kingsview Wealth Management LLC owned about 0.06% of Victory Capital as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Contravisory Investment Management Inc. lifted its holdings in shares of 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 buying an additional 199 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of 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 buying an additional 452 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Victory Capital by 50.7% during the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after buying an additional 479 shares during the last quarter. CWM LLC lifted its holdings in shares of Victory Capital by 486.2% during the second quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after buying an additional 564 shares during the last quarter. Finally, Fiera Capital Corp raised its stake in shares of Victory Capital by 0.9% in the second quarter. Fiera Capital Corp now owns 73,974 shares of the company’s stock valued at $3,531,000 after purchasing an additional 644 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Performance

Shares of NASDAQ:VCTR opened at $71.07 on Tuesday. The business’s fifty day moving average price is $59.78 and its two-hundred day moving average price is $53.94. 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 stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 0.60 and a beta of 0.90. Victory Capital Holdings, Inc. has a fifty-two week low of $31.18 and a fifty-two week high of $72.08.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Monday, December 9th. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio is presently 40.80%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VCTR. BMO Capital Markets upped their target price 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 target price on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Barclays upped their target price 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. Morgan Stanley upped their target price on Victory Capital from $60.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada upped their target price 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 analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Victory Capital has an average rating of “Moderate Buy” and an average target price of $63.67.

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.