The Manufacturers Life Insurance Company Has $1.45 Million Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

The Manufacturers Life Insurance Company lessened its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,122 shares of the company’s stock after selling 328 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Victory Capital were worth $1,447,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Swedbank AB increased its holdings in Victory Capital by 7.1% in the second quarter. Swedbank AB now owns 750,000 shares of the company’s stock valued at $35,798,000 after purchasing an additional 50,000 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Victory Capital by 282.0% in the third quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock worth $2,412,000 after acquiring an additional 32,079 shares in the last quarter. Royce & Associates LP bought a new stake in shares of Victory Capital in the third quarter worth about $7,755,000. Kingsview Wealth Management LLC bought a new stake in shares of Victory Capital in the third quarter worth about $2,288,000. Finally, Federated Hermes Inc. increased its holdings in shares of Victory Capital by 54.1% in the second quarter. Federated Hermes Inc. now owns 270,472 shares of the company’s stock worth $12,910,000 after acquiring an additional 94,943 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Up 0.0 %

VCTR stock opened at $65.18 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The business has a 50 day moving average price of $63.18 and a two-hundred day moving average price of $55.38. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 0.59 and a beta of 0.89. Victory Capital Holdings, Inc. has a twelve month low of $32.41 and a twelve month high of $73.42.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.70%. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, December 9th. Victory Capital’s dividend payout ratio (DPR) is currently 43.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barclays increased their price target on Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Morgan Stanley increased their price target on Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. UBS Group increased their price target on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group increased their price target on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Royal Bank of Canada upped their price objective on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $63.67.

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.