Analysts Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) PT at $66.11

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) have received an average recommendation of "Hold" from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $66.11.

A number of equities analysts have issued reports on VCTR shares. 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. UBS Group upped 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. 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. The Goldman Sachs Group boosted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley boosted their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Friday, December 20th.

Victory Capital Stock Performance

NASDAQ VCTR traded up $0.63 during trading on Wednesday, reaching $69.14. The company's stock had a trading volume of 210,298 shares, compared to its average volume of 271,671. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 0.55 and a beta of 0.89. Victory Capital has a twelve month low of $36.02 and a twelve month high of $73.42. The business's fifty day moving average price is $65.52 and its 200-day moving average price is $60.50.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.44 EPS 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%. As a group, analysts anticipate that Victory Capital will post 6.06 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. Victory Capital's dividend payout ratio is 43.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Securities Inc. boosted its stake in Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after acquiring an additional 157 shares during the last quarter. FMR LLC raised its holdings in shares of Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company's stock worth $74,000 after purchasing an additional 206 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of Victory Capital by 4.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company's stock worth $366,000 after acquiring an additional 218 shares during the period. Ameritas Investment Partners Inc. increased its holdings in shares of Victory Capital by 6.8% in the 4th quarter. Ameritas Investment Partners Inc. now owns 4,303 shares of the company's stock worth $282,000 after acquiring an additional 273 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of Victory Capital by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company's stock worth $520,000 after acquiring an additional 377 shares during the period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

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.