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

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) has earned a consensus recommendation of "Hold" from the nine brokerages that are presently covering the stock, Marketbeat Ratings 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 12-month price objective among analysts that have issued a report on the stock in the last year is $69.67.

Several analysts have commented on the stock. B. Riley reaffirmed a "neutral" rating and issued a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price objective 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. Barclays lowered their price objective on shares of Victory Capital from $75.00 to $59.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Bank of America lowered their price objective on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Finally, BMO Capital Markets boosted their price target on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, February 10th.

Victory Capital Stock Down 1.1 %

Victory Capital stock opened at $57.77 on Monday. Victory Capital has a fifty-two week low of $43.82 and a fifty-two week high of $73.42. The stock has a market cap of $3.68 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86. The firm's 50-day simple moving average is $58.64 and its 200 day simple moving average is $62.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19.

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

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.25%. 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 dividend payout ratio is 43.02%.

Institutional Trading of Victory Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd grew its stake in 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 buying an additional 449 shares in the last quarter. Versant Capital Management Inc purchased a new position in Victory Capital in the 1st quarter worth $34,000. Opal Wealth Advisors LLC bought a new stake in Victory Capital in the first quarter worth $37,000. Principal Securities Inc. boosted its position in Victory Capital by 35.2% during 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 period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Victory Capital during the fourth quarter valued at about $43,000. Institutional investors own 87.71% of the company's stock.

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.

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