Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $75.38 Consensus PT from Analysts

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $75.3750.

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price target on shares of Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Zacks Research downgraded Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Barclays set a $69.00 target price on Victory Capital in a report on Friday, February 6th.

Hedge Funds Weigh In On Victory Capital

Several hedge funds and other institutional investors have recently made changes to their positions in VCTR. Vanguard Group Inc. raised its position in Victory Capital by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock worth $303,769,000 after acquiring an additional 73,142 shares in the last quarter. Capital World Investors increased its stake in shares of Victory Capital by 4.3% during the 4th quarter. Capital World Investors now owns 3,768,001 shares of the company’s stock worth $237,723,000 after purchasing an additional 155,732 shares during the last quarter. Amundi bought a new stake in shares of Victory Capital in the 2nd quarter valued at about $213,219,000. State Street Corp lifted its stake in Victory Capital by 0.5% in the 4th quarter. State Street Corp now owns 1,857,636 shares of the company’s stock valued at $117,198,000 after purchasing an additional 8,322 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in Victory Capital by 4.8% during the third quarter. Bahl & Gaynor Inc. now owns 1,723,897 shares of the company’s stock worth $111,640,000 after purchasing an additional 79,013 shares during the period. 87.71% of the stock is owned by institutional investors.

Victory Capital Price Performance

VCTR stock opened at $71.84 on Friday. The stock has a 50-day moving average price of $69.40 and a two-hundred day moving average price of $67.18. Victory Capital has a 1 year low of $47.00 and a 1 year high of $77.78. The stock has a market cap of $4.66 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 0.81 and a beta of 1.05. The company has a current ratio of 1.47, a quick ratio of 1.26 and a debt-to-equity ratio of 0.40.

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

Victory Capital Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, March 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.7%. Victory Capital’s dividend payout ratio is currently 48.16%.

About Victory Capital

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.