Victory Capital Holdings, Inc. (NASDAQ:VCTR) Short Interest Up 22.8% in February

Victory Capital Holdings, Inc. (NASDAQ:VCTR) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 3,063,714 shares, a growth of 22.8% from the February 12th total of 2,494,341 shares. Based on an average daily trading volume, of 728,752 shares, the short-interest ratio is currently 4.2 days. Currently, 5.2% of the shares of the stock are short sold. Currently, 5.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 728,752 shares, the short-interest ratio is currently 4.2 days.

Victory Capital Trading Up 1.0%

NASDAQ VCTR opened at $67.36 on Tuesday. The stock has a market cap of $4.37 billion, a PE ratio of 16.55, a PEG ratio of 0.70 and a beta of 1.04. Victory Capital has a 12 month low of $47.00 and a 12 month high of $77.78. The company’s 50-day moving average price is $70.44 and its 200-day moving average price is $66.88. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.40.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. The company had revenue of $374.12 million during the quarter, compared to analyst estimates of $371.09 million. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The firm’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. Equities research analysts forecast that Victory Capital will post 6.16 earnings per share for the current year.

Victory Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, March 10th. Victory Capital’s payout ratio is currently 48.16%.

Analyst Ratings Changes

Several brokerages have recently issued reports on VCTR. Royal Bank Of Canada upped their target price on shares of Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. lifted their price target on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, January 21st. Wall Street Zen raised Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Barclays set a $69.00 target price on Victory Capital in a report on Friday, February 6th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position in Victory Capital by 19,350.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after purchasing an additional 387 shares in the last quarter. Core Wealth Advisors LLC purchased a new position in shares of Victory Capital during the fourth quarter valued at $30,000. Covestor Ltd increased its stake in shares of Victory Capital by 99.7% during the fourth quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after buying an additional 334 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Victory Capital by 48.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after acquiring an additional 246 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Victory Capital by 146.4% in the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after acquiring an additional 511 shares during the period. Institutional investors own 87.71% of the company’s stock.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.