Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Average Recommendation of "Hold" from Brokerages

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) has earned a consensus recommendation of "Hold" from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $68.33.

A number of equities analysts have weighed in on VCTR shares. Barclays upped their price target on shares of Victory Capital from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their price target on shares of Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Morgan Stanley upped their price target on shares of Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Friday, December 20th. Royal Bank of Canada upped their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Finally, B. Riley restated a "neutral" rating and set a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th.

Institutional Investors Weigh In On Victory Capital

A number of hedge funds have recently bought and sold shares of VCTR. Franklin Resources Inc. raised its stake in Victory Capital by 113.2% during the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock valued at $115,990,000 after purchasing an additional 1,051,459 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Victory Capital by 46.8% in the fourth quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock valued at $94,159,000 after acquiring an additional 458,534 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Victory Capital in the fourth quarter valued at $17,755,000. TimesSquare Capital Management LLC raised its stake in shares of Victory Capital by 20.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company's stock valued at $63,899,000 after acquiring an additional 166,265 shares during the period. Finally, Bahl & Gaynor Inc. raised its stake in shares of Victory Capital by 10.9% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock valued at $101,949,000 after acquiring an additional 153,459 shares during the period. Hedge funds and other institutional investors own 87.71% of the company's stock.

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Victory Capital Stock Performance

NASDAQ VCTR traded up $0.67 during trading hours on Friday, hitting $58.49. 337,992 shares of the company's stock traded hands, compared to its average volume of 298,870. The business's fifty day moving average price is $65.04 and its two-hundred day moving average price is $62.00. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $3.80 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.55 and a beta of 0.90. Victory Capital has a 52 week low of $39.26 and a 52 week high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. Equities research analysts predict that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.47 per share. This is an increase from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 3.21%. Victory Capital's dividend payout ratio is presently 43.02%.

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.