Victory Capital (NASDAQ:VCTR) Sees Large Volume Increase – Here’s Why

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) saw strong trading volume on Thursday . 994,355 shares traded hands during mid-day trading, an increase of 125% from the previous session’s volume of 442,697 shares.The stock last traded at $71.0250 and had previously closed at $77.27.

Analyst Upgrades and Downgrades

VCTR has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their target price on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Barclays set a $69.00 price target on shares of Victory Capital in a research report on Friday, February 6th. Finally, Zacks Research lowered Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $75.38.

Victory Capital Trading Down 8.1%

The business has a fifty day moving average of $69.22 and a 200-day moving average of $67.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.26 and a current ratio of 1.47. The company has a market capitalization of $4.61 billion, a P/E ratio of 17.45, a PEG ratio of 0.80 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR) last released 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. The firm had revenue of $374.12 million for the quarter, compared to the consensus estimate of $371.09 million. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The business’s revenue was up 61.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 earnings per share. Analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share 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. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, March 10th. Victory Capital’s payout ratio is currently 48.16%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its holdings in Victory Capital by 2,131.6% during the second quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock worth $27,000 after buying an additional 405 shares in the last quarter. Core Wealth Advisors LLC purchased a new position in Victory Capital during the 4th quarter worth $30,000. Covestor Ltd grew its stake in shares of Victory Capital by 99.7% in the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after acquiring an additional 334 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Victory Capital by 48.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after purchasing an additional 246 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Victory Capital by 146.4% in the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock valued at $54,000 after purchasing an additional 511 shares during the last quarter. Institutional investors 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.