Martingale Asset Management L P Sells 17,062 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Martingale Asset Management L P cut its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 36.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,125 shares of the company’s stock after selling 17,062 shares during the quarter. Martingale Asset Management L P’s holdings in Victory Capital were worth $1,614,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Contravisory Investment Management Inc. lifted its position in Victory Capital by 53.2% in the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after buying an additional 199 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after buying an additional 452 shares during the last quarter. CWM LLC lifted its position in Victory Capital by 486.2% in the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after buying an additional 564 shares during the last quarter. USA Financial Formulas lifted its position in Victory Capital by 157.9% in the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after buying an additional 676 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Victory Capital in the 3rd quarter worth approximately $72,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Price Performance

VCTR opened at $69.48 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital Holdings, Inc. has a 52-week low of $31.71 and a 52-week high of $73.42. The stock has a market capitalization of $4.52 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 0.61 and a beta of 0.90. The stock’s 50 day moving average price is $61.46 and its 200-day moving average price is $54.64.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, December 9th. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 2.53%. Victory Capital’s payout ratio is 43.78%.

Analyst Ratings Changes

VCTR has been the subject of a number of recent research reports. Barclays boosted their target price on Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Morgan Stanley boosted their target price on Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Royal Bank of Canada boosted their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. boosted their price objective on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Finally, The Goldman Sachs Group boosted their price objective on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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.