Victory Capital (NASDAQ:VCTR) Stock Price Down 3.5% – Time to Sell?

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) traded down 3.5% during trading on Friday . The stock traded as low as $69.52 and last traded at $69.54. 119,044 shares changed hands during trading, a decline of 69% from the average session volume of 386,777 shares. The stock had previously closed at $72.03.

Wall Street Analyst Weigh In

VCTR has been the topic of several research analyst reports. Barclays raised their price objective on Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. The Goldman Sachs Group raised their target price on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Morgan Stanley lifted their price target on Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Royal Bank of Canada raised their price objective on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, UBS Group boosted their price target on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Victory Capital has an average rating of “Moderate Buy” and an average price target of $63.67.

Victory Capital Stock Down 3.0 %

The firm’s fifty day simple moving average is $61.18 and its two-hundred day simple moving average is $54.49. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 0.63 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.44 per share. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.76 annualized dividend and a yield of 2.52%. Victory Capital’s dividend payout ratio (DPR) is 40.80%.

Hedge Funds Weigh In On Victory Capital

Large investors have recently modified their holdings of the business. Franklin Resources Inc. lifted its position in Victory Capital by 113.2% in the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after buying an additional 1,051,459 shares during the last quarter. Swedbank AB acquired a new position in shares of Victory Capital in the 1st quarter worth approximately $29,701,000. Vanguard Group Inc. boosted its position in shares of Victory Capital by 16.4% during the 1st quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock worth $158,661,000 after purchasing an additional 527,190 shares during the period. F M Investments LLC acquired a new stake in Victory Capital in the 2nd quarter valued at approximately $11,149,000. Finally, Royce & Associates LP purchased a new stake in Victory Capital in the third quarter valued at approximately $7,755,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Company 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.