UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 2.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,794 shares of the company’s stock after selling 1,553 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Victory Capital were worth $3,534,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. CWM LLC boosted its stake in shares of Victory Capital by 486.2% in the second quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after buying an additional 564 shares during the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after buying an additional 199 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Victory Capital by 367.5% in 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. USA Financial Formulas boosted its position in Victory Capital by 157.9% during the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after purchasing an additional 676 shares in the last quarter. Finally, Amalgamated Bank boosted its position in Victory Capital by 50.7% during the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after purchasing an additional 479 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

NASDAQ:VCTR opened at $65.95 on Friday. Victory Capital Holdings, Inc. has a one year low of $32.41 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 stock has a market cap of $4.29 billion, a PE ratio of 16.41, a P/E/G ratio of 0.59 and a beta of 0.89. The stock has a 50 day moving average price of $63.58 and a 200 day moving average price of $55.53.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Monday, December 9th. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio (DPR) is currently 43.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VCTR shares. Barclays increased their price target on Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. UBS Group increased their price target on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased their price target on Victory Capital from $69.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Royal Bank of Canada increased their price target on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their price target on Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.67.

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.