Brokerages Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) PT at $65.11

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nine research firms that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $65.11.

A number of brokerages have recently weighed in on VCTR. Morgan Stanley boosted their price target on Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Friday, December 20th. BMO Capital Markets upped their target price on Victory Capital from $71.00 to $78.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Barclays boosted their price target on Victory Capital from $69.00 to $70.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Royal Bank of Canada increased their price target on Victory Capital from $61.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VCTR. Franklin Resources Inc. boosted 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 worth $115,990,000 after buying an additional 1,051,459 shares during the period. Annex Advisory Services LLC boosted its position in shares of Victory Capital by 599.7% during the 4th quarter. Annex Advisory Services LLC now owns 173,562 shares of the company's stock worth $11,361,000 after purchasing an additional 148,756 shares during the period. Royce & Associates LP purchased a new stake in Victory Capital in the third quarter valued at approximately $7,755,000. Geode Capital Management LLC lifted its stake in Victory Capital by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock worth $57,446,000 after purchasing an additional 101,247 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Victory Capital by 28.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company's stock worth $25,170,000 after buying an additional 100,614 shares during the period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Victory Capital Price Performance

NASDAQ VCTR opened at $66.18 on Friday. The firm's fifty day simple moving average is $65.88 and its two-hundred day simple moving average is $58.19. Victory Capital has a 12-month low of $33.39 and a 12-month high of $73.42. The firm has a market capitalization of $4.30 billion, a P/E ratio of 16.46, a P/E/G ratio of 0.45 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.66%. This is a positive change from Victory Capital's previous quarterly dividend of $0.41. The ex-dividend date was Monday, December 9th. Victory Capital's payout ratio is presently 43.78%.

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.