Short Interest in Victory Capital Holdings, Inc. (NASDAQ:VCTR) Drops By 15.4%

Victory Capital Holdings, Inc. (NASDAQ:VCTR) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 2,030,000 shares, a drop of 15.4% from the November 30th total of 2,400,000 shares. Based on an average daily volume of 386,000 shares, the short-interest ratio is presently 5.3 days.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. UBS Group lifted their price target on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased their price objective on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Barclays boosted their target price 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, The Goldman Sachs Group increased their price target on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.67.

Victory Capital Stock Down 0.9 %

NASDAQ:VCTR opened at $65.67 on Tuesday. The firm has a 50-day simple moving average of $65.07 and a two-hundred day simple moving average of $56.79. The firm has a market cap of $4.27 billion, a P/E ratio of 16.34, a P/E/G ratio of 0.59 and a beta of 0.89. Victory Capital has a fifty-two week low of $32.55 and a fifty-two week high of $73.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a $0.44 dividend. The ex-dividend date was Monday, December 9th. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 2.68%. Victory Capital’s dividend payout ratio is 43.78%.

Institutional Trading of Victory Capital

Institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates boosted its position in shares of Victory Capital by 66.4% during the second quarter. Raymond James & Associates now owns 50,240 shares of the company’s stock valued at $2,398,000 after buying an additional 20,042 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Victory Capital by 11.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 589,887 shares of the company’s stock valued at $28,155,000 after acquiring an additional 58,336 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Victory Capital by 20.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,937 shares of the company’s stock worth $379,000 after acquiring an additional 1,351 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Victory Capital by 18.4% during the second quarter. Principal Financial Group Inc. now owns 46,904 shares of the company’s stock valued at $2,239,000 after purchasing an additional 7,281 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in Victory Capital during the second quarter valued at approximately $825,000. 87.71% of the stock is currently 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.