Royce & Associates LP Purchases Shares of 139,983 Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Royce & Associates LP purchased a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 139,983 shares of the company’s stock, valued at approximately $7,755,000. Royce & Associates LP owned 0.22% of Victory Capital as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors lifted its stake in Victory Capital by 85.8% in the first quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock valued at $94,278,000 after buying an additional 1,025,954 shares during the period. Swedbank AB lifted its stake in Victory Capital by 7.1% in the second quarter. Swedbank AB now owns 750,000 shares of the company’s stock valued at $35,798,000 after buying an additional 50,000 shares during the period. Sei Investments Co. raised its position in shares of Victory Capital by 106.7% during the first quarter. Sei Investments Co. now owns 113,254 shares of the company’s stock worth $4,805,000 after purchasing an additional 58,458 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Victory Capital during the first quarter worth approximately $1,431,000. Finally, Boston Partners acquired a new position in shares of Victory Capital during the first quarter worth approximately $995,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VCTR shares. Bank of America upped their target price on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. upped their target price on Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. UBS Group upped their target price on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley upped their target price on Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada upped their price target on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.67.

Victory Capital Stock Down 0.5 %

Shares of NASDAQ:VCTR opened at $63.20 on Monday. The company has a market capitalization of $4.10 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 0.91. The business has a fifty day moving average price of $58.25 and a two-hundred day moving average price of $53.42. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Monday, December 9th. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio is 40.80%.

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.