USA Financial Formulas Trims Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

USA Financial Formulas trimmed its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 904 shares of the company’s stock after selling 200 shares during the quarter. USA Financial Formulas’ holdings in Victory Capital were worth $59,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VCTR. Franklin Resources Inc. lifted its holdings in Victory Capital by 113.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after buying an additional 1,051,459 shares in the last quarter. State Street Corp increased its position in shares of Victory Capital by 6.4% during the third quarter. State Street Corp now owns 1,162,842 shares of the company’s stock worth $64,421,000 after acquiring an additional 69,654 shares during the period. Geode Capital Management LLC raised its stake in shares of Victory Capital by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after acquiring an additional 101,247 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Victory Capital by 28.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company’s stock valued at $25,170,000 after acquiring an additional 100,614 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Victory Capital by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company’s stock valued at $20,660,000 after purchasing an additional 11,785 shares during the period. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Stock Up 2.1 %

Shares of Victory Capital stock opened at $65.58 on Friday. Victory Capital Holdings, Inc. has a 52-week low of $33.39 and a 52-week high of $73.42. The firm’s 50 day moving average price is $65.88 and its 200-day moving average price is $58.06. 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 company has a market cap of $4.26 billion, a P/E ratio of 16.31, a PEG ratio of 0.45 and a beta of 0.90.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.44 per share. The ex-dividend date was 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 2.68%. Victory Capital’s dividend payout ratio is presently 43.78%.

Wall Street Analyst Weigh In

VCTR has been the topic of several research reports. UBS Group raised their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. B. Riley restated a “neutral” rating and set a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. The Goldman Sachs Group upped their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets increased their target price on shares of Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada boosted their price target on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Victory Capital has an average rating of “Hold” and an average target price of $65.00.

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.