Contravisory Investment Management Inc. Has $32,000 Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Contravisory Investment Management Inc. grew its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 53.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 573 shares of the company’s stock after acquiring an additional 199 shares during the period. Contravisory Investment Management Inc.’s holdings in Victory Capital were worth $32,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. CWM LLC grew its holdings in Victory Capital by 486.2% during the second quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after purchasing an additional 564 shares during the period. USA Financial Formulas lifted its position in shares of Victory Capital by 157.9% in the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after buying an additional 676 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after acquiring an additional 479 shares during the period. nVerses Capital LLC increased its holdings in shares of Victory Capital by 200.0% during the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the company’s stock worth $129,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in Victory Capital in the 2nd quarter valued at $156,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Victory Capital from $59.50 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Bank of America lifted their target price on shares of Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Morgan Stanley increased their price target on shares of Victory Capital from $39.00 to $40.00 and gave the company an “underweight” rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. boosted their price objective on Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, UBS Group lowered their target price on Victory Capital from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Victory Capital presently has a consensus rating of “Hold” and a consensus target price of $54.44.

Victory Capital Stock Up 1.6 %

Shares of VCTR opened at $58.23 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. Victory Capital Holdings, Inc. has a 12 month low of $28.66 and a 12 month high of $58.58. The firm’s 50 day moving average is $53.07 and its 200-day moving average is $50.51. The stock has a market capitalization of $3.78 billion, a PE ratio of 16.40, a P/E/G ratio of 0.61 and a beta of 0.91.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. The firm had revenue of $219.62 million for the quarter, compared to analyst estimates of $220.82 million. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. Equities research analysts forecast that Victory Capital Holdings, Inc. will post 5.19 EPS for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Tuesday, September 10th. This is an increase from Victory Capital’s previous quarterly dividend of $0.37. Victory Capital’s payout ratio is 46.20%.

Victory Capital Company 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.