Victory Capital Holdings, Inc. (NASDAQ:VCTR) Increases Dividend to $0.44 Per Share

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Monday, December 9th will be given a dividend of 0.44 per share on Monday, December 23rd. This represents a $1.76 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Monday, December 9th. This is a positive change from Victory Capital's previous quarterly dividend of $0.41.

Victory Capital has raised its dividend by an average of 77.2% per year over the last three years. Victory Capital has a payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Victory Capital to earn $5.95 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 29.6%.

Victory Capital Trading Up 4.1 %

Shares of VCTR stock traded up $2.61 during trading hours on Friday, hitting $66.12. 363,953 shares of the company's stock traded hands, compared to its average volume of 375,655. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.87. Victory Capital has a 12 month low of $30.12 and a 12 month high of $68.00. The stock has a market cap of $4.29 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 0.69 and a beta of 0.90. The stock's 50 day simple moving average is $57.02 and its 200 day simple moving average is $52.90.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.26 by $0.04. The firm had revenue of $219.62 million for the quarter, compared to the consensus estimate of $220.82 million. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. On average, sell-side analysts anticipate that Victory Capital will post 5.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Bank of America upped their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the company a "buy" rating in a research note on Monday, August 12th. BMO Capital Markets lifted their price objective on Victory Capital from $61.00 to $69.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Royal Bank of Canada upped their target price on Victory Capital from $55.00 to $61.00 and gave the company an "outperform" rating in a research report on Friday, October 11th. The Goldman Sachs Group raised their target price on Victory Capital from $59.50 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Finally, Barclays started coverage on Victory Capital in a research note on Tuesday, August 27th. They issued an "equal weight" rating and a $58.00 price target on the stock. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.67.

Victory Capital Company Profile

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.