Short Interest in Victory Capital Holdings, Inc. (NASDAQ:VCTR) Rises By 24.2%

Victory Capital Holdings, Inc. (NASDAQ:VCTR) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,640,000 shares, an increase of 24.2% from the March 15th total of 1,320,000 shares. Based on an average daily volume of 344,900 shares, the days-to-cover ratio is currently 4.8 days.

Victory Capital Stock Down 2.0 %

VCTR opened at $42.95 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 0.53 and a beta of 1.00. Victory Capital has a one year low of $27.73 and a one year high of $44.14. The business’s fifty day moving average is $39.51 and its two-hundred day moving average is $35.04.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Friday, February 9th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.11 by $0.02. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The business had revenue of $205.80 million for the quarter, compared to analyst estimates of $204.20 million. During the same period in the previous year, the firm earned $1.03 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts anticipate that Victory Capital will post 5.02 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a dividend of $0.335 per share. The ex-dividend date was Friday, March 8th. This is an increase from Victory Capital’s previous quarterly dividend of $0.32. This represents a $1.34 annualized dividend and a yield of 3.12%. Victory Capital’s dividend payout ratio is 42.81%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VCTR. Morgan Stanley lifted their target price on shares of Victory Capital from $28.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, February 12th. Royal Bank of Canada increased their target price on Victory Capital from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. BMO Capital Markets lifted their price target on Victory Capital from $47.00 to $51.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. UBS Group increased their price objective on Victory Capital from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Finally, B. Riley restated a “buy” rating and set a $48.00 target price (up from $40.00) on shares of Victory Capital in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Victory Capital has an average rating of “Hold” and a consensus target price of $41.57.

Institutional Trading of Victory Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Victory Capital by 77.3% during the 1st quarter. BlackRock Inc. now owns 2,471,393 shares of the company’s stock worth $72,338,000 after buying an additional 1,077,162 shares during the last quarter. Vanguard Group Inc. increased its stake in Victory Capital by 110.6% during the first quarter. Vanguard Group Inc. now owns 1,564,346 shares of the company’s stock worth $45,162,000 after acquiring an additional 821,522 shares during the last quarter. Corient Private Wealth LLC increased its stake in Victory Capital by 126.8% during the third quarter. Corient Private Wealth LLC now owns 1,046,684 shares of the company’s stock worth $34,896,000 after acquiring an additional 585,225 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Victory Capital by 426.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 589,710 shares of the company’s stock worth $20,310,000 after purchasing an additional 477,798 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Victory Capital by 82.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 748,029 shares of the company’s stock valued at $21,894,000 after purchasing an additional 337,185 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

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.