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

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Royal Bank Of Canada upped their price target on shares of Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. Morgan Stanley dropped their price objective on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st. JPMorgan Chase & Co. raised their target price on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.38.

Victory Capital Stock Performance

Shares of VCTR stock opened at $68.66 on Wednesday. The company’s fifty day moving average price is $70.47 and its 200-day moving average price is $66.86. The stock has a market cap of $4.46 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 0.71 and a beta of 1.04. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.40. Victory Capital has a 12 month low of $47.00 and a 12 month high of $77.78.

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, topping the consensus estimate of $1.66 by $0.12. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The company had revenue of $374.12 million during the quarter, compared to analyst estimates of $371.09 million. During the same period last year, the business earned $1.45 EPS. Victory Capital’s quarterly revenue was up 61.0% compared to the same quarter last year. On average, equities analysts expect that Victory Capital will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, March 10th. Victory Capital’s dividend payout ratio (DPR) is presently 48.16%.

Institutional Trading of Victory Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. increased its position in Victory Capital by 48.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,880 shares of the company’s stock valued at $119,000 after buying an additional 613 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Victory Capital by 19,350.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock worth $25,000 after acquiring an additional 387 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in Victory Capital in the fourth quarter worth $62,000. Mercer Global Advisors Inc. ADV grew its stake in shares of Victory Capital by 5.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,190 shares of the company’s stock worth $454,000 after acquiring an additional 375 shares during the last quarter. Finally, Caitlin John LLC bought a new position in shares of Victory Capital during the fourth quarter valued at $386,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

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.