Barclays PLC Increases Stake in Victory Capital Holdings, Inc. (NASDAQ: VCTR)

Barclays PLC has significantly raised its investment in Victory Capital Holdings, Inc. (NASDAQ: VCTR) by 110.6% during the third quarter, as reported in its latest filing with the SEC. At the end of this period, Barclays held 99,367 shares, following an acquisition of an additional 52,191 shares, bringing the total value of its holdings in Victory Capital to approximately $5,506,000.

Other institutional investors have also adjusted their positions in Victory Capital recently. For example, Contravisory Investment Management Inc. increased its stake by 53.2%, now owning 573 shares valued at around $32,000 after purchasing an additional 199 shares. Farther Finance Advisors LLC made a remarkable boost of 367.5% during the same period, acquiring 575 shares valued at $32,000 after adding 452 shares to its holdings. Similarly, USA Financial Formulas raised its stake by 157.9%, amassing 1,104 shares worth $61,000, post the acquisition of 676 shares during the last quarter. Additionally, Amalgamated Bank boosted its holdings by 50.7%, owning 1,423 shares valued at $68,000 after acquiring an extra 479 shares. Finally, Quantbot Technologies LP initiated a new position with an estimated value of $72,000 in Victory Capital during the third quarter. Overall, hedge funds and other institutional investors currently own about 87.71% of the company’s stock.

Recent Analyst Ratings

Several research firms have recently made comments regarding Victory Capital Holdings. UBS Group raised its price target from $49.00 to $64.00, assigning a “neutral” rating in a report on October 22nd. The Goldman Sachs Group increased its target from $60.00 to $68.00, giving the stock a “buy” rating on November 12th. BMO Capital Markets also lifted its price target from $71.00 to $78.00, rating the company as “outperform.” Royal Bank of Canada similarly raised its price target from $61.00 to $72.00 while maintaining an “outperform” rating in a report dated November 14th. Additionally, Morgan Stanley updated its target from $64.00 to $66.00, assigning an “equal weight” rating. Currently, among analysts, there are four hold ratings and five buy ratings for Victory Capital. Consequently, the stock has an average rating of “Moderate Buy” with an average target price set at approximately $64.67, according to data from MarketBeat.com.

Stock Performance

Recent Trading Activity

On the NASDAQ, Victory Capital shares opened at $65.46, reflecting a 4.6% increase. The stock has seen a low of $32.55 and a high of $73.42 over the past year. Currently, the company has a market capitalization of $4.26 billion, a P/E ratio of 16.28, and a P/E/G ratio of 0.59, alongside a beta of 0.89. Additionally, its debt-to-equity ratio stands at 0.84, with both the quick and current ratios of 1.19. The stock has a 50-day moving average of $64.19 and a 200-day moving average of $55.90.

Dividend Announcement

In a recent announcement, Victory Capital declared a quarterly dividend to be paid on December 23rd, 2024. Shareholders recorded prior to December 9th will receive a dividend of $0.44, which translates to an annualized amount of $1.76 and a yield of 2.69%. This new dividend marks an increase from the previous quarterly dividend of $0.41, with an ex-dividend date set for December 9th. The company currently has a dividend payout ratio of 43.78%.

About Victory Capital Holdings

Victory Capital Holdings, Inc., along with its subsidiaries, functions as an asset management firm providing a range of investment services in the United States and internationally. Its offerings include investment advisory, fund administration, compliance, transfer agent services, distribution, and broader management services aimed at institutions, intermediaries, retirement platforms, and individual investors.

Barclays, Investment, Stocks