Analysts Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) PT at $64.67

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the nine research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $64.67.

Several equities research analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Friday. Royal Bank of Canada increased their price target on Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. The Goldman Sachs Group boosted their price objective on Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Barclays raised their target price on shares of Victory Capital from $59.00 to $69.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Finally, UBS Group boosted their price target on shares of Victory Capital from $49.00 to $64.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd.

Victory Capital Price Performance

Victory Capital stock traded up $1.05 during mid-day trading on Tuesday, hitting $66.65. The company's stock had a trading volume of 119,795 shares, compared to its average volume of 394,482. The stock has a market capitalization of $4.33 billion, a P/E ratio of 16.58, a P/E/G ratio of 0.59 and a beta of 0.89. Victory Capital has a twelve month low of $32.55 and a twelve month high of $73.42. The stock's fifty day moving average price is $64.61 and its two-hundred day moving average price is $56.30. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Monday, December 9th. This is a positive change from Victory Capital's previous quarterly dividend of $0.41. Victory Capital's dividend payout ratio is currently 43.78%.

Hedge Funds Weigh In On Victory Capital

Institutional investors and hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. boosted its position in Victory Capital by 113.2% during the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock valued at $115,990,000 after purchasing an additional 1,051,459 shares during the last quarter. F M Investments LLC purchased a new stake in shares of Victory Capital during the 2nd quarter worth about $11,149,000. Royce & Associates LP acquired a new stake in shares of Victory Capital during the 3rd quarter valued at about $7,755,000. Geode Capital Management LLC grew its stake in shares of Victory Capital by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock valued at $57,446,000 after buying an additional 101,247 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Victory Capital by 28.4% in 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 last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

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.