Martingale Asset Management L P Trims Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Martingale Asset Management L P trimmed its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 36.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,125 shares of the company’s stock after selling 17,062 shares during the period. Martingale Asset Management L P’s holdings in Victory Capital were worth $1,614,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB grew its stake in Victory Capital by 7.1% in the second quarter. Swedbank AB now owns 750,000 shares of the company’s stock worth $35,798,000 after purchasing an additional 50,000 shares during the period. Royce & Associates LP purchased a new stake in shares of Victory Capital in the third quarter worth $7,755,000. Boston Partners purchased a new stake in shares of Victory Capital in the first quarter worth $995,000. Federated Hermes Inc. grew its stake in shares of 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 acquiring an additional 94,943 shares during the last quarter. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of Victory Capital in the third quarter worth $2,288,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Stock Down 3.5 %

VCTR stock opened at $69.48 on Monday. Victory Capital Holdings, Inc. has a fifty-two week low of $31.71 and a fifty-two week high of $73.42. The business’s 50-day moving average is $61.46 and its two-hundred day moving average is $54.64. 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 company has a market cap of $4.52 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 0.61 and a beta of 0.90.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.44 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, December 9th. This represents a $1.76 dividend on an annualized basis and a yield of 2.53%. Victory Capital’s dividend payout ratio is currently 43.78%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VCTR. Barclays increased their target price on 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 target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. UBS Group upped their price target on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Bank of America upped their price target on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, BMO Capital Markets upped their price target on Victory Capital from $69.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Victory Capital presently 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.