Edgestream Partners L.P. Takes Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Edgestream Partners L.P. acquired a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 53,093 shares of the company’s stock, valued at approximately $2,941,000. Edgestream Partners L.P. owned 0.08% of Victory Capital as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. CWM LLC grew its position in Victory Capital by 486.2% during the second 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 position 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 acquiring an additional 199 shares during the period. Farther Finance Advisors LLC grew its position in Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after acquiring an additional 452 shares during the period. USA Financial Formulas grew its position in Victory Capital by 157.9% during the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after acquiring an additional 676 shares during the period. Finally, Amalgamated Bank grew its position in Victory Capital by 50.7% during the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after acquiring an additional 479 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Down 3.5 %

NASDAQ:VCTR opened at $69.48 on Monday. 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 Holdings, Inc. has a one year low of $31.71 and a one year high of $73.42. The business’s 50-day simple moving average is $61.46 and its 200 day simple moving average is $54.64. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 0.61 and a beta of 0.90.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.44 dividend. 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. This represents a $1.76 annualized dividend and a dividend yield of 2.53%. Victory Capital’s payout ratio is 43.78%.

Wall Street Analyst Weigh In

VCTR has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on 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. boosted their price target on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. UBS Group boosted their price target on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada upped their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, BMO Capital Markets upped their target price on Victory Capital from $69.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.