Victory Capital (NASDAQ:VCTR) Shares Gap Up - Should You Buy?

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $55.77, but opened at $57.14. Victory Capital shares last traded at $57.12, with a volume of 24,470 shares.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. B. Riley restated a "neutral" rating and set a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Morgan Stanley increased their price target on shares of Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. Bank of America lowered their price target 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. JPMorgan Chase & Co. raised their price objective on Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Finally, BMO Capital Markets upped their price objective on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Victory Capital has a consensus rating of "Hold" and an average price target of $69.67.

Victory Capital Trading Up 0.7 %

The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.55 and a beta of 0.86. The business has a 50-day moving average of $59.81 and a 200-day moving average of $62.73. 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 (NASDAQ:VCTR - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. As a group, research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.34%. Victory Capital's dividend payout ratio (DPR) is 43.02%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VCTR. FMR LLC boosted its stake in Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company's stock worth $74,000 after purchasing an additional 206 shares during the period. HighTower Advisors LLC lifted its holdings in Victory Capital by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company's stock worth $520,000 after purchasing an additional 377 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Victory Capital in the third quarter valued at about $211,000. Barclays PLC increased its holdings in shares of Victory Capital by 110.6% during the third quarter. Barclays PLC now owns 99,367 shares of the company's stock worth $5,506,000 after purchasing an additional 52,191 shares during the period. Finally, Geode Capital Management LLC raised its holdings in 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 acquiring an additional 101,247 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

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.