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

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

Hedge Funds Weigh In On Victory Capital

Large investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. raised its stake in Victory Capital by 53.2% during the 3rd 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 period. Farther Finance Advisors LLC raised its holdings in Victory Capital by 367.5% during the 3rd 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 period. USA Financial Formulas boosted its holdings in shares of Victory Capital by 157.9% in the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after buying an additional 676 shares during the period. Quantbot Technologies LP bought a new stake in shares of Victory Capital during the third quarter worth $72,000. Finally, FMR LLC raised its holdings in shares of 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 during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on VCTR shares. 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. Royal Bank of Canada increased their price target on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Morgan Stanley upped their price objective on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. UBS Group boosted their price target 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, BMO Capital Markets increased their price objective on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.67.

Victory Capital Price Performance

NASDAQ:VCTR traded down $0.82 during mid-day trading on Friday, reaching $66.26. 195,132 shares of the company were exchanged, compared to its average volume of 393,043. Victory Capital has a 12 month low of $32.55 and a 12 month high of $73.42. The stock has a market cap of $4.31 billion, a PE ratio of 16.48, a PEG ratio of 0.59 and a beta of 0.89. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average of $64.97 and a 200 day moving average of $56.63.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.44 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.66%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio (DPR) is currently 43.78%.

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.