SG Americas Securities LLC Makes New $143,000 Investment in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

SG Americas Securities LLC acquired a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTRGet Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,943 shares of the company’s stock, valued at approximately $143,000.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Victory Capital by 110.6% during the 1st quarter. Vanguard Group Inc. now owns 1,564,346 shares of the company’s stock worth $45,162,000 after purchasing an additional 821,522 shares in the last quarter. Van Berkom & Associates Inc. grew its holdings in shares of Victory Capital by 13.8% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,541,598 shares of the company’s stock worth $37,153,000 after purchasing an additional 186,831 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Victory Capital by 4.9% during the 1st quarter. Bank of America Corp DE now owns 810,294 shares of the company’s stock worth $23,393,000 after purchasing an additional 37,750 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Victory Capital by 33.7% during the 1st quarter. BlackRock Inc. now owns 630,415 shares of the company’s stock worth $18,201,000 after purchasing an additional 159,042 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of Victory Capital by 2.8% during the 1st quarter. LSV Asset Management now owns 473,454 shares of the company’s stock worth $13,669,000 after purchasing an additional 12,820 shares in the last quarter. Institutional investors and hedge funds own 90.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on VCTR shares. The Goldman Sachs Group lifted their price objective on Victory Capital from $26.70 to $30.00 and gave the stock a “buy” rating in a report on Monday, November 7th. Oppenheimer reaffirmed a “market perform” rating on shares of Victory Capital in a research note on Tuesday, August 9th. B. Riley boosted their price target on Victory Capital from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank of Canada boosted their price target on Victory Capital from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, November 9th. Finally, Morgan Stanley decreased their price target on Victory Capital from $21.00 to $20.00 and set an “underweight” rating on the stock in a research note on Monday, October 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.75.

Victory Capital Stock Up 1.3 %

Shares of NASDAQ:VCTR opened at $32.26 on Monday. The firm has a market cap of $2.21 billion, a P/E ratio of 8.04, a P/E/G ratio of 2.88 and a beta of 1.20. The company has a quick ratio of 0.38, a current ratio of 0.44 and a debt-to-equity ratio of 0.94. Victory Capital Holdings, Inc. has a 12-month low of $22.22 and a 12-month high of $40.17. The business has a fifty day simple moving average of $26.96 and a 200 day simple moving average of $26.73.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 9th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Thursday, December 8th. Victory Capital’s payout ratio is 24.94%.

Victory Capital Profile

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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.

Further Reading

Institutional Ownership by Quarter for Victory Capital (NASDAQ:VCTR)

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