Quest Partners LLC Invests $871,000 in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Quest Partners LLC bought a new stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,277 shares of the company's stock, valued at approximately $871,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Federated Hermes Inc. boosted its stake in Victory Capital by 1.3% during the 4th quarter. Federated Hermes Inc. now owns 28,896 shares of the company's stock worth $995,000 after acquiring an additional 383 shares during the last quarter. Amalgamated Bank raised its stake in shares of Victory Capital by 13.5% in the 3rd quarter. Amalgamated Bank now owns 4,063 shares of the company's stock valued at $135,000 after purchasing an additional 482 shares during the period. Blue Trust Inc. grew its stake in shares of Victory Capital by 93.5% during the 4th quarter. Blue Trust Inc. now owns 1,246 shares of the company's stock worth $41,000 after acquiring an additional 602 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Victory Capital by 9.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,733 shares of the company's stock worth $324,000 after purchasing an additional 844 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Victory Capital by 14.0% in the third quarter. Arizona State Retirement System now owns 7,618 shares of the company's stock worth $254,000 after purchasing an additional 934 shares in the last quarter. Institutional investors own 87.71% of the company's stock.

Victory Capital Price Performance

VCTR traded down $0.19 on Wednesday, hitting $52.61. 336,452 shares of the stock were exchanged, compared to its average volume of 409,415. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 0.47 and a beta of 0.92. The business has a 50-day moving average of $46.64 and a two-hundred day moving average of $38.80. Victory Capital Holdings, Inc. has a 12 month low of $28.66 and a 12 month high of $52.90.

Victory Capital Increases Dividend

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

Analysts Set New Price Targets

VCTR has been the topic of several recent research reports. Royal Bank of Canada lifted their price target on shares of Victory Capital from $47.00 to $56.00 and gave the company an "outperform" rating in a research note on Tuesday, May 14th. Morgan Stanley increased their price target on Victory Capital from $32.00 to $39.00 and gave the company an "underweight" rating in a research report on Wednesday, May 15th. JPMorgan Chase & Co. increased their price objective on Victory Capital from $43.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, May 13th. B. Riley boosted their target price on shares of Victory Capital from $48.00 to $57.00 and gave the stock a "buy" rating in a report on Friday, April 19th. Finally, UBS Group increased their price target on shares of Victory Capital from $37.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $49.57.

Victory Capital 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.