Victory Capital Holdings, Inc. (NASDAQ:VCTR) Stock Position Increased by Crestview Partners II GP L.P.

Crestview Partners II GP L.P. grew its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 0.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,614,250 shares of the company’s stock after purchasing an additional 1,002 shares during the period. Victory Capital makes up approximately 87.8% of Crestview Partners II GP L.P.’s investment portfolio, making the stock its biggest position. Crestview Partners II GP L.P. owned 17.90% of Victory Capital worth $643,429,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Victory Capital by 16.4% in the 1st quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock worth $158,661,000 after buying an additional 527,190 shares in the last quarter. Capital World Investors grew its position in Victory Capital by 85.8% in the first quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock worth $94,278,000 after acquiring an additional 1,025,954 shares in the last quarter. LSV Asset Management raised its position in Victory Capital by 2.7% during the second quarter. LSV Asset Management now owns 1,294,722 shares of the company’s stock valued at $61,797,000 after purchasing an additional 34,000 shares during the period. Bahl & Gaynor Inc. lifted its stake in shares of Victory Capital by 8.5% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,205,601 shares of the company’s stock valued at $57,543,000 after purchasing an additional 94,653 shares during the last quarter. Finally, Swedbank AB increased its position in shares of Victory Capital by 7.1% during the 2nd quarter. Swedbank AB now owns 750,000 shares of the company’s stock valued at $35,798,000 after purchasing an additional 50,000 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Trading Down 0.2 %

NASDAQ VCTR opened at $68.36 on Friday. Victory Capital Holdings, Inc. has a one year low of $31.18 and a one year high of $70.56. 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 capitalization of $4.45 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 0.60 and a beta of 0.90. The company’s 50-day simple moving average is $59.45 and its two-hundred day simple moving average is $53.80.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.44 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.76 dividend on an annualized basis and a yield of 2.57%. Victory Capital’s payout ratio is 40.80%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VCTR. Bank of America boosted their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. boosted their target price on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Barclays increased their price target on Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. BMO Capital Markets upped their price objective on Victory Capital from $69.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada lifted their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Victory Capital currently has an average rating of “Moderate Buy” and a consensus target price of $63.67.

Victory Capital 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.