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

Victory Capital Holdings, Inc. (NASDAQ:VCTRGet Rating) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,670,000 shares, a decline of 16.5% from the March 31st total of 2,000,000 shares. Based on an average daily volume of 277,900 shares, the short-interest ratio is presently 6.0 days.

Several research firms have recently weighed in on VCTR. BMO Capital Markets lowered their price objective on shares of Victory Capital from $53.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, February 14th. Morgan Stanley lowered their price objective on shares of Victory Capital from $29.00 to $28.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 26th. Royal Bank of Canada lowered their price objective on shares of Victory Capital from $49.00 to $44.00 in a research note on Tuesday, February 15th. UBS Group began coverage on shares of Victory Capital in a research note on Tuesday, April 26th. They set a “neutral” rating and a $30.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Victory Capital from a “sell” rating to a “hold” rating in a research note on Thursday, April 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $39.71.

Shares of VCTR stock opened at $27.87 on Wednesday. The company has a market cap of $1.92 billion, a P/E ratio of 7.43, a price-to-earnings-growth ratio of 0.92 and a beta of 1.06. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.21. The business’s 50-day moving average is $29.78. Victory Capital has a 52 week low of $26.18 and a 52 week high of $43.09.

Victory Capital (NASDAQ:VCTRGet Rating) last announced its earnings results on Thursday, February 10th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.18 by $0.06. The business had revenue of $229.12 million during the quarter, compared to the consensus estimate of $228.45 million. Victory Capital had a net margin of 31.27% and a return on equity of 40.25%. During the same quarter in the previous year, the firm posted $1.03 EPS. As a group, equities research analysts anticipate that Victory Capital will post 4.89 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Thursday, March 10th were issued a $0.25 dividend. The ex-dividend date was Wednesday, March 9th. This represents a $1.00 dividend on an annualized basis and a yield of 3.59%. This is an increase from Victory Capital’s previous quarterly dividend of $0.17. Victory Capital’s payout ratio is currently 26.67%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Crestview Partners II GP L.P. bought a new stake in Victory Capital in the 4th quarter valued at about $1,135,008,000. Van Berkom & Associates Inc. boosted its holdings in Victory Capital by 2,470.3% in the 4th quarter. Van Berkom & Associates Inc. now owns 1,501,719 shares of the company’s stock valued at $54,858,000 after purchasing an additional 1,443,293 shares during the period. TimesSquare Capital Management LLC boosted its holdings in Victory Capital by 40.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,390,344 shares of the company’s stock valued at $50,789,000 after purchasing an additional 399,612 shares during the period. Capital World Investors boosted its holdings in Victory Capital by 25.1% in the 4th quarter. Capital World Investors now owns 1,016,000 shares of the company’s stock valued at $37,114,000 after purchasing an additional 204,000 shares during the period. Finally, Impax Asset Management Group plc boosted its holdings in Victory Capital by 0.9% in the 4th quarter. Impax Asset Management Group plc now owns 972,198 shares of the company’s stock valued at $35,514,000 after purchasing an additional 8,764 shares during the period. 68.66% of the stock is owned by hedge funds and other institutional investors.

About Victory Capital (Get Rating)

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company worldwide. It offers investment advisory, fund administration, fund compliance, fund transfer agent, and fund distribution services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.

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