Victory Capital Holdings, Inc. (NASDAQ:VCTR) Short Interest Up 24.2% in March

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 1,640,000 shares, a growth of 24.2% from the March 15th total of 1,320,000 shares. Based on an average trading volume of 344,900 shares, the short-interest ratio is currently 4.8 days.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. B. Riley reaffirmed a "buy" rating and set a $48.00 target price (up previously from $40.00) on shares of Victory Capital in a research note on Friday, February 16th. UBS Group boosted their price objective on Victory Capital from $33.00 to $36.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 10th. BMO Capital Markets boosted their price objective on Victory Capital from $47.00 to $51.00 and gave the stock an "outperform" rating in a research note on Monday, February 12th. Royal Bank of Canada boosted their price objective on Victory Capital from $40.00 to $43.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 13th. Finally, Morgan Stanley boosted their price objective on Victory Capital from $28.00 to $30.00 and gave the stock an "underweight" rating in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $41.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VCTR. BlackRock Inc. lifted its position in shares of Victory Capital by 77.3% in the first quarter. BlackRock Inc. now owns 2,471,393 shares of the company's stock worth $72,338,000 after buying an additional 1,077,162 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Victory Capital by 110.6% in the first quarter. Vanguard Group Inc. now owns 1,564,346 shares of the company's stock worth $45,162,000 after buying an additional 821,522 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Victory Capital by 126.8% in the third quarter. Corient Private Wealth LLC now owns 1,046,684 shares of the company's stock worth $34,896,000 after buying an additional 585,225 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Victory Capital by 426.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 589,710 shares of the company's stock worth $20,310,000 after buying an additional 477,798 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Victory Capital by 82.1% in the first quarter. Dimensional Fund Advisors LP now owns 748,029 shares of the company's stock worth $21,894,000 after buying an additional 337,185 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Victory Capital Stock Down 2.0 %

Shares of VCTR stock traded down $0.86 on Friday, reaching $42.95. 263,720 shares of the company's stock traded hands, compared to its average volume of 344,078. Victory Capital has a 12-month low of $27.73 and a 12-month high of $44.14. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $2.76 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 0.54 and a beta of 1.00. The business's 50 day moving average price is $39.51 and its two-hundred day moving average price is $35.03.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.02. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The business had revenue of $205.80 million for the quarter, compared to the consensus estimate of $204.20 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. Victory Capital's revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities analysts forecast that Victory Capital will post 5.02 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a $0.335 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.34 dividend on an annualized basis and a yield of 3.12%. This is an increase from Victory Capital's previous quarterly dividend of $0.32. Victory Capital's payout ratio is 42.81%.

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.