Granahan Investment Management LLC reduced its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR – Free Report) by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,075,202 shares of the company’s stock after selling 123,358 shares during the period. Victory Capital makes up approximately 2.9% of Granahan Investment Management LLC’s portfolio, making the stock its 5th biggest position. Granahan Investment Management LLC’s holdings in Victory Capital were worth $67,834,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of VCTR. Vanguard Group Inc. raised its holdings in Victory Capital by 12.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock valued at $307,073,000 after buying an additional 515,845 shares during the period. Invesco Ltd. raised its holdings in Victory Capital by 163.6% in the 3rd quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock valued at $27,971,000 after buying an additional 268,061 shares during the period. Voloridge Investment Management LLC raised its holdings in Victory Capital by 747.2% in the 3rd quarter. Voloridge Investment Management LLC now owns 299,862 shares of the company’s stock valued at $19,419,000 after buying an additional 264,468 shares during the period. Barclays PLC raised its holdings in Victory Capital by 227.1% in the 3rd quarter. Barclays PLC now owns 315,141 shares of the company’s stock valued at $20,409,000 after buying an additional 218,808 shares during the period. Finally, UBS Group AG raised its holdings in Victory Capital by 121.8% in the 3rd quarter. UBS Group AG now owns 393,480 shares of the company’s stock valued at $25,482,000 after buying an additional 216,080 shares during the period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.
Victory Capital Stock Up 1.6%
Shares of NASDAQ:VCTR opened at $87.32 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $5.46 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10. The firm’s 50-day moving average is $80.58 and its two-hundred day moving average is $72.26. Victory Capital Holdings, Inc. has a 1 year low of $57.03 and a 1 year high of $90.19.
Victory Capital Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. This is a boost from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date is Wednesday, June 10th. Victory Capital’s payout ratio is currently 45.05%.
Analyst Upgrades and Downgrades
VCTR has been the topic of several research analyst reports. The Goldman Sachs Group initiated coverage on shares of Victory Capital in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 price objective on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $95.00 price objective on shares of Victory Capital in a report on Tuesday, May 12th. Barclays boosted their price objective on shares of Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Morgan Stanley set a $76.00 price objective on shares of Victory Capital in a report on Friday, May 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Victory Capital presently has a consensus rating of “Hold” and a consensus price target of $84.71.
Read Our Latest Report on Victory Capital
Victory Capital Company Profile
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.
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