Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $59.67 Average PT from Analysts

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $59.67.

A number of brokerages have weighed in on VCTR. UBS Group increased their price target on shares of Victory Capital from $49.00 to $64.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price target on shares of Victory Capital from $45.00 to $49.00 and gave the company a "neutral" rating in a report on Monday, August 19th. Morgan Stanley upgraded shares of Victory Capital from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $40.00 to $60.00 in a research note on Friday, October 18th. Royal Bank of Canada increased their price objective 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. Finally, 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 for the company.

Institutional Investors Weigh In On Victory Capital

Hedge funds have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. grew its holdings in Victory Capital by 53.2% during the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company's stock worth $32,000 after acquiring an additional 199 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company's stock worth $32,000 after acquiring an additional 452 shares during the last quarter. CWM LLC grew its holdings in Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company's stock worth $32,000 after acquiring an additional 564 shares during the last quarter. USA Financial Formulas grew its holdings in Victory Capital by 157.9% during the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company's stock worth $61,000 after acquiring an additional 676 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company's stock worth $68,000 after acquiring an additional 479 shares during the last quarter. Institutional investors own 87.71% of the company's stock.

Victory Capital Stock Performance

Shares of NASDAQ VCTR traded down $0.81 during trading hours on Monday, hitting $59.31. 271,191 shares of the stock were exchanged, compared to its average volume of 375,058. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.91 and a quick ratio of 0.91. Victory Capital has a one year low of $30.05 and a one year high of $61.97. The company's 50 day moving average is $56.13 and its 200 day moving average is $52.42. The firm has a market capitalization of $3.85 billion, a P/E ratio of 16.94, a P/E/G ratio of 0.64 and a beta of 0.90.

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

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.41 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.64 dividend on an annualized basis and a yield of 2.77%. This is a positive change from Victory Capital's previous quarterly dividend of $0.37. Victory Capital's dividend payout ratio is currently 46.20%.

About Victory Capital

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.