Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Bought by Hantz Financial Services Inc.

Hantz Financial Services Inc. raised its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 153.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 43,836 shares of the company’s stock after buying an additional 26,545 shares during the quarter. Hantz Financial Services Inc.’s holdings in Victory Capital were worth $2,429,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VCTR. Contravisory Investment Management Inc. boosted its holdings in Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after purchasing an additional 199 shares in the last quarter. FMR LLC boosted its holdings in shares of Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after buying an additional 206 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after buying an additional 452 shares during the last quarter. Amalgamated Bank raised its stake in Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after acquiring an additional 479 shares in the last quarter. Finally, CWM LLC lifted its position in Victory Capital by 486.2% in the second quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after acquiring an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Down 3.5 %

Shares of Victory Capital stock opened at $69.48 on Friday. Victory Capital Holdings, Inc. has a 52-week low of $31.71 and a 52-week high of $73.42. The company’s 50-day simple moving average is $61.46 and its 200-day simple moving average is $54.62. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 0.61 and a beta of 0.90. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, December 9th. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.53%. Victory Capital’s payout ratio is 40.80%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on Victory Capital from $69.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Morgan Stanley boosted their price objective on Victory Capital from $60.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Royal Bank of Canada increased their price objective on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. The Goldman Sachs Group lifted their target price on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.67.

Victory Capital Profile

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.