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

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) has earned an average rating of "Hold" from the nine analysts that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $71.44.

VCTR has been the topic of a number of research analyst reports. Bank of America decreased their price target on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday. BMO Capital Markets boosted their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. increased their price target on Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Barclays boosted their price objective on Victory Capital from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, February 10th. Finally, B. Riley reiterated a "neutral" rating and issued a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th.

Victory Capital Price Performance

Shares of VCTR traded down $0.27 during trading hours on Thursday, reaching $51.44. 669,041 shares of the company traded hands, compared to its average volume of 382,441. The stock has a market capitalization of $3.27 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86. The stock has a fifty day simple moving average of $62.32 and a 200 day simple moving average of $62.82. Victory Capital has a fifty-two week low of $42.10 and a fifty-two week high of $73.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84.

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Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating 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, research analysts predict that Victory Capital will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's payout ratio is 43.02%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Covestor Ltd increased its position in shares of Victory Capital by 3,207.1% in the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after purchasing an additional 449 shares during the last quarter. Versant Capital Management Inc bought a new stake in Victory Capital in the first quarter valued at about $34,000. Principal Securities Inc. increased its holdings in Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after buying an additional 157 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Victory Capital during the fourth quarter valued at approximately $43,000. Finally, Quantbot Technologies LP bought a new position in Victory Capital during the 3rd quarter worth approximately $72,000. 87.71% of the stock is currently owned by 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.