Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have earned an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $101.00.

Several brokerages recently weighed in on VCTR. JPMorgan Chase & Co. increased their price objective on Victory Capital from $87.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings upgraded Victory Capital from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $100.00 price target on shares of Victory Capital in a research note on Friday, August 7th. Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Morgan Stanley set a $91.00 price objective on Victory Capital in a research report on Wednesday, July 29th.

Institutional Investors Weigh In On Victory Capital

A number of institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 period. Nykredit A S purchased a new position in shares of Victory Capital during the 2nd quarter worth approximately $26,000. Core Wealth Advisors LLC acquired a new stake in Victory Capital in the 4th quarter valued at approximately $30,000. Covestor Ltd increased 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 purchasing an additional 334 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Victory Capital in the second quarter valued at approximately $44,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Performance

Victory Capital stock opened at $115.63 on Friday. The firm has a 50 day simple moving average of $97.67 and a 200-day simple moving average of $83.21. Victory Capital has a 1-year low of $57.03 and a 1-year high of $119.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 0.97 and a beta of 1.08.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.42. The business had revenue of $435.36 million during the quarter, compared to the consensus estimate of $386.09 million. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. On average, analysts expect that Victory Capital will post 7.63 EPS for the current year.

Victory Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, September 10th. Victory Capital’s dividend payout ratio (DPR) is 36.76%.

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.