Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Average Rating of “Moderate Buy” by Brokerages

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $82.7143.

Several equities analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Victory Capital in a research report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a report on Monday, April 20th. JPMorgan Chase & Co. upped their price target on shares of Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Barclays upped their price target on shares of Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Morgan Stanley set a $76.00 price target on shares of Victory Capital in a report on Friday, May 1st.

Victory Capital Price Performance

NASDAQ VCTR opened at $87.07 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s fifty day moving average price is $71.14 and its 200 day moving average price is $68.09. Victory Capital has a 1 year low of $57.03 and a 1 year high of $88.42. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.24 and a beta of 1.09.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.19. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The firm had revenue of $387.99 million for the quarter, compared to the consensus estimate of $364.97 million. During the same period in the prior year, the firm earned $1.36 EPS. The firm’s revenue was up 76.7% on a year-over-year basis. As a group, equities research analysts forecast that Victory Capital will post 6.73 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. This is a boost from Victory Capital’s previous quarterly dividend of $0.49. Victory Capital’s dividend payout ratio is 44.14%.

Institutional Trading of Victory Capital

Hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its holdings in Victory Capital by 19,350.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after acquiring an additional 387 shares during the last quarter. Core Wealth Advisors LLC acquired a new stake in Victory Capital in the 4th quarter valued at about $30,000. Covestor Ltd raised its holdings in Victory Capital by 99.7% in the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after acquiring an additional 334 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Victory Capital in the 1st quarter valued at about $46,000. Finally, PNC Financial Services Group Inc. raised its holdings in Victory Capital by 48.5% in the 4th 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 during the last quarter. Institutional investors and hedge funds 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.