Annex Advisory Services LLC Buys 148,756 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Annex Advisory Services LLC boosted its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 599.7% in the fourth quarter, HoldingsChannel reports. The firm owned 173,562 shares of the company’s stock after acquiring an additional 148,756 shares during the period. Annex Advisory Services LLC’s holdings in Victory Capital were worth $11,361,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. grew its holdings in shares of Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after acquiring an additional 199 shares during the period. FMR LLC boosted its position in Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after purchasing an additional 206 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Victory Capital by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock valued at $520,000 after purchasing an additional 377 shares during the period. Farther Finance Advisors LLC increased its position in shares of Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 452 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in shares of Victory Capital by 50.7% in the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after purchasing an additional 479 shares during the period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VCTR has been the subject of a number of research reports. Royal Bank of Canada upped their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Morgan Stanley upped their price objective on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. B. Riley reiterated a “neutral” rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. The Goldman Sachs Group boosted their price target on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Barclays raised their price objective on Victory Capital from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.11.

Victory Capital Trading Up 0.9 %

Shares of VCTR opened at $66.18 on Monday. The stock has a market capitalization of $4.30 billion, a PE ratio of 16.46, a P/E/G ratio of 0.45 and a beta of 0.90. The company’s fifty day moving average is $65.88 and its 200 day moving average is $58.33. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital Holdings, Inc. has a fifty-two week low of $33.39 and a fifty-two week high of $73.42.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.66%. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, December 9th. Victory Capital’s dividend payout ratio is currently 43.78%.

Victory Capital Company 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.