Victory Capital (NASDAQ:VCTR) Reaches New 52-Week High – What’s Next?

Victory Capital Holdings, Inc. (NASDAQ:VCTR)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $71.31 and last traded at $71.17, with a volume of 144589 shares traded. The stock had previously closed at $68.36.

Analyst Ratings Changes

VCTR has been the topic of a number of analyst reports. The Goldman Sachs Group upped their target price on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. 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 note on Monday, November 11th. Royal Bank of Canada raised 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. Barclays upped their price target on Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, UBS Group lifted their price target 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. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $63.67.

Victory Capital Price Performance

The stock has a market capitalization of $4.68 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 0.62 and a beta of 0.90. 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 stock has a 50-day simple moving average of $60.48 and a 200 day simple moving average of $54.24.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.44%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, December 9th. Victory Capital’s dividend payout ratio (DPR) is presently 43.78%.

Institutional Investors Weigh In On Victory Capital

A number of institutional investors and hedge funds have recently modified their holdings of VCTR. Contravisory Investment Management Inc. raised its position in shares of Victory Capital by 53.2% during the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after acquiring an additional 199 shares during the last quarter. FMR LLC lifted its stake in Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after buying an additional 206 shares during the period. HighTower Advisors LLC lifted its stake in Victory Capital by 4.2% in the third quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock valued at $520,000 after buying an additional 377 shares during the period. Farther Finance Advisors LLC boosted its holdings in Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after buying an additional 452 shares during the last quarter. Finally, Amalgamated Bank grew its position in shares of Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after buying an additional 479 shares during the period. 87.71% of the stock is owned by institutional investors.

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.