Kingsview Wealth Management LLC Invests $2.29 Million in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Kingsview Wealth Management LLC bought a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,303 shares of the company’s stock, valued at approximately $2,288,000.

Several other large investors also recently made changes to their positions in VCTR. Charles Schwab Investment Management Inc. boosted its holdings in Victory Capital by 28.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company’s stock valued at $25,170,000 after acquiring an additional 100,614 shares during the last quarter. Intech Investment Management LLC bought a new position in Victory Capital in the third quarter valued at about $585,000. Empowered Funds LLC boosted its holdings in Victory Capital by 24.5% in the third quarter. Empowered Funds LLC now owns 37,768 shares of the company’s stock valued at $2,092,000 after acquiring an additional 7,426 shares during the last quarter. Royce & Associates LP bought a new position in Victory Capital in the third quarter valued at about $7,755,000. Finally, Victory Capital Management Inc. boosted its holdings in Victory Capital by 3.2% in the third quarter. Victory Capital Management Inc. now owns 29,372 shares of the company’s stock valued at $1,627,000 after acquiring an additional 919 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VCTR. Royal Bank of Canada raised their price target 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 raised their price target on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. BMO Capital Markets increased their target price on Victory Capital from $69.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. The Goldman Sachs Group increased their target price on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their target price on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Four research 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, Victory Capital has an average rating of “Moderate Buy” and an average price target of $63.67.

Victory Capital Trading Up 4.0 %

NASDAQ VCTR opened at $71.07 on Tuesday. The firm has a market cap of $4.62 billion, a P/E ratio of 17.68, a P/E/G ratio of 0.60 and a beta of 0.90. 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 stock’s 50-day moving average is $59.78 and its 200-day moving average is $53.94. Victory Capital Holdings, Inc. has a one year low of $31.18 and a one year high of $72.08.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.48%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio (DPR) is currently 40.80%.

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.