Victory Capital Holdings, Inc. (NASDAQ:VCTR) is Crestview Partners II GP L.P.’s Largest Position

Crestview Partners II GP L.P. lifted its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 0.0% during the third quarter, Holdings Channel.com reports. The fund owned 11,614,250 shares of the company’s stock after acquiring an additional 1,002 shares during the period. Victory Capital accounts for approximately 87.8% of Crestview Partners II GP L.P.’s holdings, making the stock its biggest holding. Crestview Partners II GP L.P. owned 0.18% of Victory Capital worth $643,429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new position in Victory Capital during the 1st quarter valued at approximately $231,000. Russell Investments Group Ltd. purchased a new stake in shares of Victory Capital during the first quarter valued at $1,431,000. ProShare Advisors LLC acquired a new position in shares of Victory Capital in the 1st quarter valued at $205,000. Vanguard Group Inc. raised its stake in Victory Capital by 16.4% in the 1st quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock worth $158,661,000 after acquiring an additional 527,190 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in Victory Capital by 8.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 12,994 shares of the company’s stock worth $551,000 after acquiring an additional 1,062 shares during the period. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Stock Performance

Shares of NASDAQ:VCTR opened at $68.36 on Friday. The business’s 50 day moving average price is $59.45 and its 200-day moving average price is $53.80. Victory Capital Holdings, Inc. has a 1 year low of $31.18 and a 1 year high of $70.56. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $4.45 billion, a PE ratio of 17.01, a P/E/G ratio of 0.60 and a beta of 0.90.

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 given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.57%. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, December 9th. Victory Capital’s dividend payout ratio is 40.80%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VCTR shares. Royal Bank of Canada increased their price objective on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. UBS Group lifted their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Bank of America raised 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. The Goldman Sachs Group increased their price target on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, BMO Capital Markets boosted their price objective on Victory Capital from $69.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.67.

About Victory Capital

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.