Argent Capital Management LLC Grows Stock Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Argent Capital Management LLC increased its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 10.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,352 shares of the company’s stock after acquiring an additional 9,478 shares during the quarter. Argent Capital Management LLC owned approximately 0.16% of Victory Capital worth $4,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of VCTR. CWM LLC raised its stake in shares of Victory Capital by 486.2% during the second quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after acquiring an additional 564 shares during the last quarter. ProShare Advisors LLC bought a new position in Victory Capital during the 1st quarter valued at approximately $205,000. Janney Montgomery Scott LLC purchased a new stake in Victory Capital in the 1st quarter worth approximately $231,000. Foundry Partners LLC purchased a new stake in Victory Capital in the 1st quarter worth approximately $232,000. Finally, Horizon Investment Services LLC bought a new stake in shares of Victory Capital in the 1st quarter worth approximately $277,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Stock Up 3.5 %

Shares of NASDAQ VCTR traded up $1.83 during trading on Friday, reaching $54.69. The company had a trading volume of 306,217 shares, compared to its average volume of 404,628. Victory Capital Holdings, Inc. has a 12-month low of $28.66 and a 12-month high of $54.94. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.87. The business’s 50-day moving average is $49.94 and its 200 day moving average is $46.60. The stock has a market cap of $3.54 billion, a PE ratio of 16.78, a P/E/G ratio of 0.59 and a beta of 0.93.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.00%. This is an increase from Victory Capital’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Tuesday, September 10th. Victory Capital’s dividend payout ratio is 50.31%.

Analysts Set New Price Targets

A number of brokerages recently commented on VCTR. BMO Capital Markets reaffirmed an “outperform” rating and issued a $57.00 price target (up previously from $55.00) on shares of Victory Capital in a research note on Monday, May 13th. The Goldman Sachs Group lifted their target price on shares of Victory Capital from $53.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. boosted their price target on shares of Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Bank of America raised their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, UBS Group reduced their target price on Victory Capital from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.13.

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.