Contravisory Investment Management Inc. Has $32,000 Stock Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Contravisory Investment Management Inc. raised its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 53.2% during the third quarter, HoldingsChannel reports. The firm owned 573 shares of the company’s stock after acquiring an additional 199 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Victory Capital were worth $32,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. CWM LLC lifted 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 worth $32,000 after buying an additional 564 shares during the last quarter. USA Financial Formulas lifted 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 worth $61,000 after acquiring an additional 676 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Victory Capital by 50.7% in the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after acquiring an additional 479 shares during the last quarter. nVerses Capital LLC lifted its holdings in shares of Victory Capital by 200.0% in the second quarter. nVerses Capital LLC now owns 2,700 shares of the company’s stock worth $129,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Victory Capital in the 2nd quarter valued at approximately $156,000. Institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Performance

Shares of VCTR stock opened at $58.23 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. The firm has a fifty day simple moving average of $53.07 and a two-hundred day simple moving average of $50.51. Victory Capital Holdings, Inc. has a 12 month low of $28.66 and a 12 month high of $58.58. The firm has a market capitalization of $3.78 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.61 and a beta of 0.91.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.26 by $0.04. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. The company had revenue of $219.62 million during the quarter, compared to the consensus estimate of $220.82 million. Analysts forecast that Victory Capital Holdings, Inc. will post 5.19 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th were paid a $0.41 dividend. The ex-dividend date was Tuesday, September 10th. This is an increase from Victory Capital’s previous quarterly dividend of $0.37. This represents a $1.64 annualized dividend and a dividend yield of 2.82%. Victory Capital’s dividend payout ratio is 46.20%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Victory Capital from $39.00 to $40.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 13th. Royal Bank of Canada increased their price target on Victory Capital from $55.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday. Barclays assumed coverage on Victory Capital in a report on Tuesday, August 27th. They set an “equal weight” rating and a $58.00 price objective on the stock. UBS Group lowered their target price on Victory Capital from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, The Goldman Sachs Group lifted their price target on Victory Capital from $59.50 to $60.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Victory Capital currently has an average rating of “Hold” and an average target price of $54.44.

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.