McIlrath & Eck LLC Purchases New Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

McIlrath & Eck LLC acquired a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,200 shares of the company’s stock, valued at approximately $565,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CWM LLC raised its position in shares of Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after acquiring an additional 564 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in Victory Capital by 53.2% during the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after purchasing an additional 199 shares during the last quarter. Farther Finance Advisors LLC raised 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 purchasing an additional 452 shares during the period. USA Financial Formulas lifted its position in shares of Victory Capital by 157.9% in the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after buying an additional 676 shares during the last quarter. Finally, Amalgamated Bank lifted its position in shares of Victory Capital by 50.7% in the 2nd 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. Institutional investors own 87.71% of the company’s stock.

Analysts Set New Price Targets

VCTR has been the topic of several research reports. Royal Bank of Canada increased their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group increased their price target on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets raised their price target on Victory Capital from $69.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Morgan Stanley upped their price objective on Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. raised 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Victory Capital currently has a consensus rating of “Moderate Buy” and an average target price of $63.67.

Victory Capital Trading Up 0.0 %

NASDAQ:VCTR opened at $65.18 on Wednesday. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.59 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital Holdings, Inc. has a 1 year low of $32.41 and a 1 year high of $73.42. The business has a fifty day moving average of $63.18 and a 200-day moving average of $55.38.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Monday, December 9th. This is a positive change 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.