TD Private Client Wealth LLC Has $105,000 Stock Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

TD Private Client Wealth LLC increased its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 33.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,903 shares of the company’s stock after purchasing an additional 482 shares during the period. TD Private Client Wealth LLC’s holdings in Victory Capital were worth $105,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CWM LLC grew 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 worth $32,000 after purchasing an additional 564 shares during the period. Contravisory Investment Management Inc. grew its stake in shares of Victory Capital by 53.2% during the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after purchasing an additional 199 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 452 shares during the period. USA Financial Formulas grew its stake 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 worth $61,000 after purchasing an additional 676 shares during the period. Finally, Amalgamated Bank grew its stake in shares of 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 during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group lifted their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. The Goldman Sachs Group boosted 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 boosted their target price on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, Morgan Stanley boosted their target price on Victory Capital from $60.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Victory Capital has an average rating of “Moderate Buy” and an average target price of $63.67.

Victory Capital Stock Performance

Shares of Victory Capital stock opened at $64.30 on Monday. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 0.59 and a beta of 0.89. The stock’s 50-day moving average is $63.71 and its 200-day moving average is $55.65. Victory Capital Holdings, Inc. has a one year low of $32.55 and a one year high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.74%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, December 9th. Victory Capital’s payout ratio is 43.78%.

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.