Victory Capital Holdings, Inc. (NASDAQ:VCTR) Short Interest Up 48.6% in July

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 3,240,000 shares, anincreaseof48.6% from the July 15th total of 2,180,000 shares. Currently,5.3% of the shares of the company are sold short. Based on an average daily volume of 561,000 shares, the days-to-cover ratio is presently 5.8 days. Based on an average daily volume of 561,000 shares, the days-to-cover ratio is presently 5.8 days. Currently,5.3% of the shares of the company are sold short.

Victory Capital Price Performance

Shares of NASDAQ:VCTR traded up $2.00 during midday trading on Friday, reaching $71.78. The company's stock had a trading volume of 882,827 shares, compared to its average volume of 644,479. Victory Capital has a fifty-two week low of $47.00 and a fifty-two week high of $73.42. The company has a market capitalization of $4.79 billion, a P/E ratio of 17.72, a P/E/G ratio of 0.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.37. The business's fifty day simple moving average is $67.16 and its 200-day simple moving average is $62.93.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.10. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The company had revenue of $351.21 million during the quarter, compared to analyst estimates of $348.89 million. During the same period last year, the company posted $1.31 earnings per share. The firm's quarterly revenue was up 59.9% compared to the same quarter last year. As a group, equities research analysts expect that Victory Capital will post 6.16 EPS for the current fiscal year.

Victory Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Wednesday, September 10th will be paid a $0.49 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.7%. Victory Capital's dividend payout ratio (DPR) is 48.40%.

Institutional Trading of Victory Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in VCTR. Nisa Investment Advisors LLC increased its stake in shares of Victory Capital by 2,131.6% in the second quarter. Nisa Investment Advisors LLC now owns 424 shares of the company's stock valued at $27,000 after buying an additional 405 shares in the last quarter. Maseco LLP acquired a new stake in shares of Victory Capital in the second quarter valued at $30,000. Versant Capital Management Inc acquired a new stake in shares of Victory Capital in the first quarter valued at $34,000. Opal Wealth Advisors LLC acquired a new stake in Victory Capital in the first quarter worth about $37,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Victory Capital in the first quarter worth about $41,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VCTR has been the subject of several research reports. Morgan Stanley raised their target price on Victory Capital from $66.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Royal Bank Of Canada lifted their price objective on Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Barclays lifted their price objective on Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. B. Riley lifted their price objective on Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a report on Friday. Finally, JPMorgan Chase & Co. cut their price objective on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Victory Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.22.

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.