Victory Capital Holdings, Inc. (NASDAQ:VCTR) Short Interest Update

Victory Capital Holdings, Inc. (NASDAQ:VCTR) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 2,600,000 shares, an increase of 25.0% from the September 15th total of 2,080,000 shares. Based on an average daily trading volume, of 333,400 shares, the short-interest ratio is currently 7.8 days.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group lowered their price target on shares of Victory Capital from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Morgan Stanley boosted their target price on shares of Victory Capital from $39.00 to $40.00 and gave the company an “underweight” rating in a report on Tuesday, August 13th. Barclays assumed coverage on Victory Capital in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $58.00 target price on the stock. Bank of America upped their price target on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, The Goldman Sachs Group increased their price objective on shares of Victory Capital from $59.50 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $54.44.

Hedge Funds Weigh In On Victory Capital

Several large investors have recently made changes to their positions in the business. CWM LLC boosted its position in Victory Capital by 486.2% in the second quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after buying an additional 564 shares in the last quarter. Contravisory Investment Management Inc. raised its position 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 during the last quarter. USA Financial Formulas raised its position 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 acquiring an additional 676 shares during the last quarter. Amalgamated Bank boosted its holdings in Victory Capital by 50.7% in the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after acquiring an additional 479 shares during the last quarter. Finally, nVerses Capital LLC raised its stake in shares of Victory Capital by 200.0% during the second quarter. nVerses Capital LLC now owns 2,700 shares of the company’s stock worth $129,000 after buying an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Stock Up 1.6 %

Shares of Victory Capital stock traded up $0.93 during midday trading on Friday, hitting $58.23. The company’s stock had a trading volume of 165,164 shares, compared to its average volume of 348,300. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.87. Victory Capital has a 1-year low of $28.66 and a 1-year high of $58.58. The stock has a 50-day simple moving average of $53.07 and a 200-day simple moving average of $50.57. The firm has a market capitalization of $3.78 billion, a P/E ratio of 16.40, a PEG ratio of 0.61 and a beta of 0.91.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.04. The business had revenue of $219.62 million during the quarter, compared to analyst estimates of $220.82 million. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. As a group, sell-side analysts expect that Victory Capital will post 5.19 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.41 per share. This is a positive change from Victory Capital’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.64 dividend on an annualized basis and a yield of 2.82%. Victory Capital’s payout ratio is currently 46.20%.

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.