Victory Capital Holdings, Inc. (NASDAQ:VCTR) Sees Large Growth in Short Interest

Victory Capital Holdings, Inc. (NASDAQ:VCTR) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 3,063,714 shares, a growth of 22.8% from the February 12th total of 2,494,341 shares. Approximately 5.2% of the shares of the stock are short sold. Based on an average daily volume of 728,752 shares, the short-interest ratio is currently 4.2 days. Based on an average daily volume of 728,752 shares, the short-interest ratio is currently 4.2 days. Approximately 5.2% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VCTR. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Barclays set a $69.00 price target on shares of Victory Capital in a report on Friday, February 6th. JPMorgan Chase & Co. boosted their price objective on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Morgan Stanley decreased their target price on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 3rd. Finally, Royal Bank Of Canada increased their target price on shares of Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 10th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $75.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VCTR. Vanguard Group Inc. grew its holdings in Victory Capital by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock worth $303,769,000 after acquiring an additional 73,142 shares during the last quarter. Capital World Investors raised its stake in shares of Victory Capital by 4.3% during the fourth quarter. Capital World Investors now owns 3,768,001 shares of the company’s stock valued at $237,723,000 after acquiring an additional 155,732 shares during the last quarter. Amundi purchased a new stake in shares of Victory Capital during the second quarter worth about $213,219,000. State Street Corp grew its stake in shares of Victory Capital by 0.5% in the fourth quarter. State Street Corp now owns 1,857,636 shares of the company’s stock worth $117,198,000 after purchasing an additional 8,322 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its stake in shares of Victory Capital by 4.8% in the third quarter. Bahl & Gaynor Inc. now owns 1,723,897 shares of the company’s stock worth $111,640,000 after purchasing an additional 79,013 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Stock Performance

NASDAQ:VCTR opened at $66.67 on Monday. The business’s 50-day moving average price is $70.41 and its two-hundred day moving average price is $66.91. Victory Capital has a twelve month low of $47.00 and a twelve month high of $77.78. The stock has a market cap of $4.33 billion, a P/E ratio of 16.38, a PEG ratio of 0.70 and a beta of 1.04. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.40.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. The firm had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The company’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same quarter last year, the company posted $1.45 EPS. As a group, equities analysts predict that Victory Capital will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.9%. Victory Capital’s dividend payout ratio is 48.16%.

About Victory Capital

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.