Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $87.43 Consensus PT from Analysts

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $89.1429.

VCTR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Royal Bank Of Canada upped their target price on shares of Victory Capital from $95.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Barclays lifted their price target on shares of Victory Capital from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Finally, Zacks Research raised shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th.

Victory Capital Trading Up 0.7%

NASDAQ:VCTR opened at $97.20 on Wednesday. Victory Capital has a 1 year low of $57.03 and a 1 year high of $102.05. The stock has a market cap of $6.08 billion, a P/E ratio of 21.89, a P/E/G ratio of 1.13 and a beta of 1.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50-day simple moving average of $88.61 and a 200-day simple moving average of $77.51.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.19. The business had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The business’s quarterly revenue was up 76.7% on a year-over-year basis. During the same quarter last year, the company earned $1.36 EPS. As a group, analysts anticipate that Victory Capital will post 7.38 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date was Wednesday, June 10th. Victory Capital’s payout ratio is presently 45.05%.

Institutional Trading of Victory Capital

A number of large investors have recently made changes to their positions in VCTR. Impax Asset Management Group plc lifted its stake in Victory Capital by 8.3% in the fourth quarter. Impax Asset Management Group plc now owns 650,000 shares of the company’s stock valued at $41,008,000 after buying an additional 50,000 shares during the last quarter. Vanguard Group Inc. grew its position in shares of 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 during the last quarter. Annex Advisory Services LLC grew its position in shares of Victory Capital by 5.6% during the fourth quarter. Annex Advisory Services LLC now owns 574,699 shares of the company’s stock worth $36,258,000 after acquiring an additional 30,621 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Victory Capital in the 1st quarter valued at $1,382,000. Finally, Sendero Wealth Management LLC acquired a new position in shares of Victory Capital in the 4th quarter valued at $1,465,000. 87.71% of the stock is owned by institutional investors and hedge funds.

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.