Short Interest in Victory Capital Holdings, Inc. (NASDAQ:VCTR) Declines By 15.4%

Victory Capital Holdings, Inc. (NASDAQ:VCTRGet Free Report) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 2,030,000 shares, a decrease of 15.4% from the November 30th total of 2,400,000 shares. Based on an average daily trading volume, of 386,000 shares, the days-to-cover ratio is presently 5.3 days.

Institutional Investors Weigh In On Victory Capital

Institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. lifted its stake in shares of Victory Capital by 113.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after purchasing an additional 1,051,459 shares during the last quarter. Royce & Associates LP bought a new stake in shares of Victory Capital during the 3rd quarter worth $7,755,000. Geode Capital Management LLC lifted its position in Victory Capital by 10.8% during 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. boosted its position in shares of Victory Capital by 28.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company’s stock valued at $25,170,000 after acquiring an additional 100,614 shares during the period. Finally, Federated Hermes Inc. increased its position in Victory Capital by 54.1% during the second quarter. Federated Hermes Inc. now owns 270,472 shares of the company’s stock worth $12,910,000 after acquiring an additional 94,943 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VCTR has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada increased their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Barclays upped their price target 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. Morgan Stanley boosted their target price on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Finally, UBS Group lifted their price target on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.67.

Read Our Latest Stock Analysis on VCTR

Victory Capital Stock Down 1.2 %

Shares of NASDAQ VCTR traded down $0.82 during mid-day trading on Friday, reaching $66.26. The company had a trading volume of 195,132 shares, compared to its average volume of 393,043. Victory Capital has a 12-month low of $32.55 and a 12-month 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 company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 0.59 and a beta of 0.89. The stock has a fifty day moving average of $64.97 and a two-hundred day moving average of $56.63.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a $0.44 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 2.66%. The ex-dividend date was Monday, December 9th. Victory Capital’s dividend payout ratio is presently 43.78%.

Victory Capital Company Profile

(Get Free Report)

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.

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