Victory Capital Holdings, Inc. (NASDAQ:VCTR) Increases Dividend to $0.47 Per Share

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.47 per share on Monday, March 10th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Tuesday, February 18th. This is a positive change from Victory Capital's previous quarterly dividend of $0.44.

Victory Capital has raised its dividend by an average of 43.2% per year over the last three years. Victory Capital has a payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Victory Capital to earn $6.68 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 28.1%.

Victory Capital Stock Down 2.7 %

VCTR traded down $1.89 during trading on Tuesday, hitting $68.09. The company had a trading volume of 20,938 shares, compared to its average volume of 299,291. The company has a market cap of $4.43 billion, a PE ratio of 15.65, a P/E/G ratio of 0.55 and a beta of 0.89. The business has a 50-day moving average of $65.46 and a 200-day moving average of $60.11. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital has a 1-year low of $34.49 and a 1-year high of $73.42.

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 (EPS) for the quarter, beating 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%. As a group, analysts forecast that Victory Capital will post 6.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on VCTR shares. UBS Group upped their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Morgan Stanley increased their price target on Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a research report on Friday, December 20th. The Goldman Sachs Group raised their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. B. Riley restated a "neutral" rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Finally, Barclays upped their price objective on shares of Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $66.11.

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.