Victory Capital (NASDAQ:VCTR) Shares Down 5.6% – Should You Sell?

Victory Capital Holdings, Inc. (NASDAQ:VCTR)’s stock price fell 5.6% during trading on Tuesday . The company traded as low as $58.77 and last traded at $59.79. 97,756 shares changed hands during trading, a decline of 49% from the average session volume of 190,780 shares. The stock had previously closed at $63.37.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VCTR shares. Royal Bank of Canada increased their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their price objective on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. UBS Group boosted 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. Barclays lifted their price target on shares of Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Victory Capital currently has an average rating of “Hold” and an average price target of $65.00.

Victory Capital Trading Down 2.3 %

The stock’s fifty day simple moving average is $65.65 and its two-hundred day simple moving average is $57.39. The firm has a market cap of $4.03 billion, a PE ratio of 15.41, a PEG ratio of 0.59 and a beta of 0.90. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Monday, December 9th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio (DPR) is 43.78%.

Institutional Investors Weigh In On Victory Capital

A number of institutional investors have recently modified their holdings of VCTR. Contravisory Investment Management Inc. boosted its stake in Victory Capital by 53.2% in the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after purchasing an additional 199 shares in the last quarter. Farther Finance Advisors LLC lifted 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 in the last quarter. USA Financial Formulas grew its holdings in shares of Victory Capital by 157.9% during the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after buying an additional 676 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Victory Capital during the third quarter valued at approximately $72,000. Finally, FMR LLC raised its holdings in Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after acquiring an additional 206 shares during the last quarter. 87.71% of the stock is owned by hedge funds and other 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.