Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. decreased its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 427,412 shares of the company’s stock after selling 15,663 shares during the period. Basswood Capital Management L.L.C.’s holdings in Victory Capital were worth $23,679,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. F M Investments LLC purchased a new position in shares of Victory Capital in the 2nd quarter worth $11,149,000. Royce & Associates LP purchased a new position in shares of Victory Capital in the 3rd quarter worth about $7,755,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Victory Capital by 28.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company’s stock valued at $25,170,000 after purchasing an additional 100,614 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Victory Capital by 54.1% during the 2nd quarter. Federated Hermes Inc. now owns 270,472 shares of the company’s stock worth $12,910,000 after purchasing an additional 94,943 shares during the period. Finally, Bahl & Gaynor Inc. increased its position in Victory Capital by 8.5% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,205,601 shares of the company’s stock worth $57,543,000 after purchasing an additional 94,653 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Down 3.5 %

Shares of Victory Capital stock opened at $69.48 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital Holdings, Inc. has a 1-year low of $31.71 and a 1-year high of $73.42. The business has a 50-day moving average of $61.46 and a 200-day moving average of $54.64. The company has a market capitalization of $4.52 billion, a PE ratio of 17.28, a P/E/G ratio of 0.61 and a beta of 0.90.

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 issued a dividend of $0.44 per share. The ex-dividend date is Monday, December 9th. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 2.53%. Victory Capital’s payout ratio is currently 43.78%.

Analyst Ratings Changes

A number of brokerages have weighed in on VCTR. Morgan Stanley lifted their price target on shares of Victory Capital from $60.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Royal Bank of Canada lifted their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Barclays increased their price target on Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Bank of America boosted their price objective on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, UBS Group increased their target price on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.