Argent Capital Management LLC Grows Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Argent Capital Management LLC increased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 10.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 119,827 shares of the company’s stock after buying an additional 11,118 shares during the quarter. Argent Capital Management LLC’s holdings in Victory Capital were worth $7,844,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. World Investment Advisors LLC acquired a new stake in Victory Capital during the third quarter worth approximately $918,000. Geode Capital Management LLC raised its holdings in Victory Capital by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock worth $57,446,000 after purchasing an additional 101,247 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in Victory Capital during the third quarter worth approximately $565,000. Bank of Montreal Can raised its holdings in Victory Capital by 282.0% during the third quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock worth $2,412,000 after purchasing an additional 32,079 shares in the last quarter. Finally, Royce & Associates LP acquired a new position in shares of Victory Capital in the 3rd quarter valued at $7,755,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Royal Bank of Canada lifted their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. The Goldman Sachs Group lifted their target price on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. B. Riley reaffirmed a “neutral” rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Barclays lifted their target price on shares of Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, BMO Capital Markets lifted their price objective on shares of Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Victory Capital presently has a consensus rating of “Hold” and a consensus price target of $65.00.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $64.26 on Thursday. The firm has a market capitalization of $4.18 billion, a P/E ratio of 15.99, a PEG ratio of 0.45 and a beta of 0.90. Victory Capital Holdings, Inc. has a one year low of $33.39 and a one year high of $73.42. The company’s fifty day moving average is $65.84 and its two-hundred day moving average is $58.01. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a dividend of $0.44 per share. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Monday, December 9th. Victory Capital’s payout ratio is presently 43.78%.

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.