Victory Capital Holdings, Inc. (NASDAQ:VCTR) Holdings Reduced by Atria Investments Inc

Atria Investments Inc lowered its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 15.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,124 shares of the company’s stock after selling 727 shares during the quarter. Atria Investments Inc’s holdings in Victory Capital were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Swedbank AB acquired a new stake in Victory Capital in the 1st quarter valued at approximately $29,701,000. Vanguard Group Inc. grew 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 worth $158,661,000 after purchasing an additional 527,190 shares in the last quarter. F M Investments LLC acquired a new position in shares of Victory Capital during the second quarter valued at $11,149,000. Lazard Asset Management LLC raised its stake in shares of Victory Capital by 2,335.8% during the first quarter. Lazard Asset Management LLC now owns 158,959 shares of the company’s stock valued at $6,743,000 after purchasing an additional 152,433 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in Victory Capital by 54.1% in the second quarter. Federated Hermes Inc. now owns 270,472 shares of the company’s stock worth $12,910,000 after purchasing an additional 94,943 shares during the period. Institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

NASDAQ VCTR opened at $68.36 on Friday. The stock has a market capitalization of $4.45 billion, a P/E ratio of 17.01, a P/E/G ratio of 0.60 and a beta of 0.90. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The business’s fifty day moving average is $59.78 and its two-hundred day moving average is $53.92. Victory Capital Holdings, Inc. has a 1 year low of $31.18 and a 1 year high of $70.56.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders 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 is a positive change from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.57%. Victory Capital’s payout ratio is 40.80%.

Analyst Ratings Changes

Several equities analysts have commented on VCTR shares. Royal Bank of Canada raised their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised their price objective on shares of Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. The Goldman Sachs Group upped 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. Barclays lifted their price target on Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, 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 report on Monday, November 11th. Four investment 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 presently has a consensus rating of “Moderate Buy” and an average price target of $63.67.

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.