Victory Capital (NASDAQ:VCTR) Reaches New 52-Week High at $52.90

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $52.90 and last traded at $52.63, with a volume of 57086 shares traded. The stock had previously closed at $52.80.

Analyst Ratings Changes

Several analysts have issued reports on VCTR shares. JPMorgan Chase & Co. boosted their target price on Victory Capital from $43.00 to $45.00 and gave the company a "neutral" rating in a research note on Monday, May 13th. Morgan Stanley boosted their price target on shares of Victory Capital from $32.00 to $39.00 and gave the company an "underweight" rating in a research report on Wednesday, May 15th. Royal Bank of Canada raised their price objective on shares of Victory Capital from $47.00 to $56.00 and gave the stock an "outperform" rating in a report on Tuesday, May 14th. BMO Capital Markets reissued an "outperform" rating and set a $57.00 target price (up previously from $55.00) on shares of Victory Capital in a report on Monday, May 13th. Finally, B. Riley raised their price target on Victory Capital from $48.00 to $57.00 and gave the stock a "buy" rating in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Victory Capital has an average rating of "Hold" and an average target price of $49.57.

Victory Capital Stock Performance

The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $3.40 billion, a P/E ratio of 16.14, a P/E/G ratio of 0.47 and a beta of 0.92. The company's fifty day simple moving average is $46.39 and its 200 day simple moving average is $38.70.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be paid a $0.37 dividend. This is a positive change from Victory Capital's previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Monday, June 10th. Victory Capital's dividend payout ratio is currently 41.10%.

Institutional Trading of Victory Capital

Large investors have recently modified their holdings of the business. Raymond James & Associates lifted its holdings in shares of Victory Capital by 37.1% during the 3rd quarter. Raymond James & Associates now owns 21,098 shares of the company's stock worth $703,000 after acquiring an additional 5,713 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Victory Capital by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 545,269 shares of the company's stock worth $18,179,000 after purchasing an additional 22,192 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Victory Capital by 102.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,100 shares of the company's stock valued at $237,000 after purchasing an additional 3,597 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Victory Capital by 9.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,733 shares of the company's stock valued at $324,000 after buying an additional 844 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Victory Capital by 15.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 26,282 shares of the company's stock valued at $876,000 after buying an additional 3,513 shares in the last quarter. Institutional investors own 87.71% of the company's stock.

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.