Victory Capital Holdings, Inc. (NASDAQ:VCTR) Short Interest Up 25.0% in September

Victory Capital Holdings, Inc. (NASDAQ:VCTR) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 2,600,000 shares, an increase of 25.0% from the September 15th total of 2,080,000 shares. Based on an average daily volume of 333,400 shares, the days-to-cover ratio is presently 7.8 days.

Victory Capital Stock Up 0.2 %

NASDAQ VCTR traded up $0.11 during trading hours on Monday, hitting $58.34. The company’s stock had a trading volume of 82,172 shares, compared to its average volume of 385,570. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. The company’s 50-day simple moving average is $53.07 and its two-hundred day simple moving average is $50.63. The company has a market capitalization of $3.78 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 0.61 and a beta of 0.91. Victory Capital has a 52 week low of $28.66 and a 52 week high of $59.05.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.04. The business had revenue of $219.62 million for the quarter, compared to analysts’ expectations of $220.82 million. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. Research analysts anticipate that Victory Capital will post 5.19 EPS for the current fiscal 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 issued a $0.41 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.37. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Tuesday, September 10th. Victory Capital’s payout ratio is 50.31%.

Institutional Trading of Victory Capital

Large investors have recently added to or reduced their stakes in the stock. CWM LLC grew its position in shares of Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after acquiring an additional 564 shares during the period. Contravisory Investment Management Inc. grew its holdings in Victory Capital by 53.2% during the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after purchasing an additional 199 shares during the period. USA Financial Formulas increased its position in Victory Capital by 157.9% in the third 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. Amalgamated Bank raised its stake in shares of Victory Capital by 50.7% in the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after buying an additional 479 shares during the period. Finally, nVerses Capital LLC lifted its position 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 valued at $129,000 after buying an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Bank of America increased their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, August 12th. UBS Group cut their price target on shares of Victory Capital from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. The Goldman Sachs Group lifted their target price on Victory Capital from $59.50 to $60.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, Barclays started coverage on shares of Victory Capital in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $58.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $54.44.

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.