Victory Capital Holdings, Inc. (VCTR) to Distribute Quarterly Dividend of $0.50 on September 25th

Victory Capital Holdings, Inc. (NASDAQ:VCTR) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, September 10th will be paid a dividend of 0.50 per share on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, September 10th.

Victory Capital has raised its dividend by an average of 0.5%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Victory Capital has a dividend payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Victory Capital to earn $8.01 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 25.0%.

Victory Capital Price Performance

Shares of VCTR opened at $106.79 on Friday. The business has a 50-day moving average of $91.35 and a 200-day moving average of $79.72. 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 company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.17 and a beta of 1.08. Victory Capital has a 1 year low of $57.03 and a 1 year high of $107.23.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.79 by $0.42. The business had revenue of $435.36 million for the quarter, compared to analysts’ expectations of $386.09 million. Victory Capital had a return on equity of 24.12% and a net margin of 29.57%. As a group, equities research analysts anticipate that Victory Capital will post 7.38 earnings per share for the current year.

Institutional Trading of Victory Capital

Several large investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL increased its stake in shares of Victory Capital by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 13,294 shares of the company’s stock worth $870,000 after purchasing an additional 134 shares during the last quarter. Planned Solutions Inc. lifted its stake in Victory Capital by 4.6% in the fourth quarter. Planned Solutions Inc. now owns 3,546 shares of the company’s stock valued at $224,000 after purchasing an additional 155 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Victory Capital by 1.6% in the second quarter. Baird Financial Group Inc. now owns 10,332 shares of the company’s stock valued at $658,000 after purchasing an additional 163 shares during the last quarter. American Century Companies Inc. grew its holdings in Victory Capital by 1.9% during the second quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock valued at $757,000 after purchasing an additional 217 shares during the period. Finally, ProShare Advisors LLC grew its holdings in Victory Capital by 2.6% during the fourth quarter. ProShare Advisors LLC now owns 8,654 shares of the company’s stock valued at $546,000 after purchasing an additional 222 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

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.