Barclays PLC Increases Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Barclays PLC has significantly increased its investment in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 110.6% during the third quarter of the year, as per their latest filing with the SEC. The company now holds 99,367 shares of Victory Capital's stock, having acquired an additional 52,191 shares in the recent quarter. As of the end of this reporting period, the total value of Barclays PLC’s holdings in Victory Capital amounted to approximately $5,506,000.

In addition to Barclays, other hedge funds have also adjusted their investments in Victory Capital. For instance, Contravisory Investment Management Inc. raised its stake in the company by 53.2% during the third quarter, bringing its total to 573 shares, valued at $32,000 after securing an additional 199 shares in that period. Likewise, Farther Finance Advisors LLC saw a substantial increase of 367.5% in its holdings, now owning 575 shares worth $32,000, following the purchase of 452 additional shares. Additionally, USA Financial Formulas increased their stake by 157.9%, owning 1,104 shares valued at $61,000 after acquiring another 676 shares.

Amalgamated Bank also raised its holdings in Victory Capital by 50.7% in the second quarter, now owning 1,423 shares priced at $68,000, having obtained 479 more shares during that timeframe. Finally, Quantbot Technologies LP has taken a new position in Victory Capital valued at about $72,000. Overall, hedge funds and other institutional investors now own approximately 87.71% of Victory Capital’s stock.

Recent Analyst Ratings

Several analysts have shared their recent evaluations of Victory Capital. UBS Group increased its price target for the stock from $49.00 to $64.00, offering a “neutral” rating. The Goldman Sachs Group followed suit, raising their target from $60.00 to $68.00, while classifying the stock as a “buy.” BMO Capital Markets raised their target from $71.00 to $78.00, giving it an “outperform” rating. Furthermore, Royal Bank of Canada increased its price target from $61.00 to $72.00, maintaining an “outperform” rating, and Morgan Stanley adjusted their target from $64.00 to $66.00 with an “equal weight” rating. As it stands, four research analysts recommend holding the stock while five suggest buying it. According to MarketBeat.com, Victory Capital currently boasts an average rating of “Moderate Buy” with an average price target of $64.67.

Victory Capital Stock Performance

On Friday, shares of Victory Capital opened at $65.46, showing an increase of 4.6%. The company has experienced a 52-week low of $32.55 and a high of $73.42. It holds a market cap of $4.26 billion, with a P/E ratio recorded at 16.28 and a P/E/G ratio of 0.59. The stock's beta is 0.89, indicating relatively low volatility compared to the market. The company maintains a debt-to-equity ratio of 0.84, along with both a quick ratio and current ratio of 1.19. Additionally, the stock has a 50-day simple moving average of $64.19 and a 200-day average of $55.90.

Latest Dividend Announcement

Victory Capital recently declared a quarterly dividend of $0.44, scheduled to be paid on December 23rd. Shareholders of record as of December 9th will receive this dividend, which amounts to an annualized dividend of $1.76, yielding 2.69%. This is an increase from the previous quarterly dividend of $0.41. The dividend's ex-dividend date corresponds with December 9th, and the company's dividend payout ratio stands at 43.78%.

About Victory Capital

Victory Capital Holdings, Inc. is an asset management company operating both in the United States and internationally, alongside its subsidiaries. The firm provides a range of services, including investment advisory, fund administration, compliance, transfer agent services, fund distribution, and other management solutions. They specialize in offering tailored investment strategies to a variety of clients, including institutions, intermediaries, retirement platforms, and individual investors.

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