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Victory Capital (NASDAQ:VCTR) Reaches New 1-Year High - Time to Buy?

Victory Capital logo with Finance background

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as $61.97 and last traded at $61.82, with a volume of 21649 shares trading hands. The stock had previously closed at $61.21.

Wall Street Analysts Forecast Growth

VCTR has been the topic of a number of research analyst reports. Bank of America lifted their target price on Victory Capital from $58.00 to $59.00 and gave the stock a "buy" rating in a report on Monday, August 12th. Barclays initiated coverage on shares of Victory Capital in a research note on Tuesday, August 27th. They issued an "equal weight" rating and a $58.00 price objective on the stock. Royal Bank of Canada increased their target price on shares of Victory Capital from $55.00 to $61.00 and gave the company an "outperform" rating in a research note on Friday, October 11th. UBS Group lifted their price target on shares of Victory Capital from $49.00 to $64.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Victory Capital from $45.00 to $49.00 and gave the company a "neutral" rating in a research report on Monday, August 19th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Victory Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.67.

Read Our Latest Analysis on Victory Capital

Victory Capital Stock Performance

The firm's 50 day simple moving average is $55.70 and its 200-day simple moving average is $52.07. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 0.63 and a beta of 0.91. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.04. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. The firm had revenue of $219.62 million for the quarter, compared to analyst estimates of $220.82 million. Analysts expect that Victory Capital Holdings, Inc. will post 5.18 EPS for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th were issued a dividend of $0.41 per share. This is a boost from Victory Capital's previous quarterly dividend of $0.37. This represents a $1.64 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Tuesday, September 10th. Victory Capital's dividend payout ratio (DPR) is currently 50.31%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Capital World Investors grew its stake in shares of Victory Capital by 85.8% in the 1st quarter. Capital World Investors now owns 2,221,954 shares of the company's stock valued at $94,278,000 after buying an additional 1,025,954 shares in the last quarter. Swedbank AB bought a new position in shares of Victory Capital during the 1st quarter valued at $29,701,000. Vanguard Group Inc. boosted its holdings in Victory Capital by 16.4% in the first quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company's stock worth $158,661,000 after purchasing an additional 527,190 shares in the last quarter. Bahl & Gaynor Inc. increased its position in Victory Capital by 35.0% during the first quarter. Bahl & Gaynor Inc. now owns 1,110,948 shares of the company's stock worth $47,138,000 after buying an additional 288,280 shares during the last quarter. Finally, F M Investments LLC bought a new position in Victory Capital during the second quarter valued at about $11,149,000. Institutional investors and hedge funds own 87.71% of the company's stock.

Victory Capital Company Profile

(Get Free Report)

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.

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