Bard Financial Services Inc. Has $1.99 Million Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Bard Financial Services Inc. reduced its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 12.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,960 shares of the company’s stock after selling 4,925 shares during the quarter. Bard Financial Services Inc.’s holdings in Victory Capital were worth $1,992,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VCTR. LSV Asset Management grew its holdings in Victory Capital by 2.7% during the 2nd quarter. LSV Asset Management now owns 1,294,722 shares of the company’s stock worth $61,797,000 after acquiring an additional 34,000 shares during the period. Bahl & Gaynor Inc. grew its stake in Victory Capital by 8.5% during the second quarter. Bahl & Gaynor Inc. now owns 1,205,601 shares of the company’s stock worth $57,543,000 after purchasing an additional 94,653 shares during the period. State Street Corp increased its holdings in Victory Capital by 6.4% in the third quarter. State Street Corp now owns 1,162,842 shares of the company’s stock worth $64,421,000 after purchasing an additional 69,654 shares in the last quarter. Geode Capital Management LLC lifted its stake in Victory Capital by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after buying an additional 101,247 shares during the period. Finally, Swedbank AB boosted its holdings in shares of Victory Capital by 7.1% during the 2nd quarter. Swedbank AB now owns 750,000 shares of the company’s stock worth $35,798,000 after buying an additional 50,000 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VCTR has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. upped their price objective on shares of Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Barclays increased their price objective on shares of Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. UBS Group upped their price target on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.67.

Victory Capital Trading Up 0.0 %

Shares of Victory Capital stock opened at $65.18 on Wednesday. The stock has a fifty day moving average price of $63.18 and a 200-day moving average price of $55.38. 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 cap of $4.24 billion, a PE ratio of 16.21, a P/E/G ratio of 0.59 and a beta of 0.89. Victory Capital Holdings, Inc. has a 1 year low of $32.41 and a 1 year high of $73.42.

Victory Capital Increases Dividend

The business 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 dividend of $0.44 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Monday, December 9th. Victory Capital’s dividend payout ratio is currently 43.78%.

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.