USA Financial Formulas Decreases Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

USA Financial Formulas cut its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 18.1% in the fourth quarter, Holdings Channel reports. The firm owned 904 shares of the company’s stock after selling 200 shares during the period. USA Financial Formulas’ holdings in Victory Capital were worth $59,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in shares of Victory Capital by 113.2% in the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock worth $115,990,000 after buying an additional 1,051,459 shares during the last quarter. State Street Corp increased its position in shares of Victory Capital by 6.4% in the 3rd quarter. State Street Corp now owns 1,162,842 shares of the company’s stock valued at $64,421,000 after acquiring an additional 69,654 shares during the period. Geode Capital Management LLC raised its stake in Victory Capital by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock worth $57,446,000 after acquiring an additional 101,247 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Victory Capital by 28.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company’s stock worth $25,170,000 after acquiring an additional 100,614 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Victory Capital by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company’s stock valued at $20,660,000 after purchasing an additional 11,785 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on VCTR shares. Morgan Stanley raised their price objective on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Royal Bank of Canada raised their price target on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. UBS Group upped their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Barclays increased their price objective on shares of Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group boosted their target price on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Victory Capital has an average rating of “Hold” and a consensus target price of $65.00.

Victory Capital Stock Up 2.1 %

VCTR stock opened at $65.58 on Friday. Victory Capital Holdings, Inc. has a one year low of $33.39 and a one year high of $73.42. 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 firm’s fifty day moving average is $65.88 and its 200 day moving average is $58.06. The firm has a market cap of $4.26 billion, a PE ratio of 16.31, a P/E/G ratio of 0.45 and a beta of 0.90.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, December 9th. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.68%. Victory Capital’s dividend payout ratio (DPR) is 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.