Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) shot up 8.3% during mid-day trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $70.75 and last traded at $71.12. 78,956 shares were traded during trading, a decline of 73% from the average session volume of 287,367 shares. The stock had previously closed at $65.64.
The company reported $1.44 EPS 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%.
Victory Capital Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.47 per share. The ex-dividend date is Tuesday, February 18th. This is an increase from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. Victory Capital's dividend payout ratio (DPR) is currently 40.27%.
Wall Street Analyst Weigh In
VCTR has been the subject of a number of analyst reports. B. Riley restated a "neutral" rating and set a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Barclays increased their price target on shares of Victory Capital from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday. UBS Group lifted their price objective on Victory Capital from $49.00 to $64.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. BMO Capital Markets increased their target price on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Royal Bank of Canada raised their price target on Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Victory Capital has a consensus rating of "Hold" and an average target price of $66.11.
Check Out Our Latest Stock Analysis on Victory Capital
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Securities Inc. increased its holdings in Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after acquiring an additional 157 shares in the last quarter. FMR LLC lifted its stake in Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company's stock valued at $74,000 after buying an additional 206 shares in the last quarter. HighTower Advisors LLC grew 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 valued at $520,000 after buying an additional 377 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company's stock valued at $32,000 after buying an additional 452 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in Victory Capital by 33.9% during the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company's stock worth $105,000 after buying an additional 482 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.
Victory Capital Stock Performance
The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock has a fifty day moving average price of $65.46 and a two-hundred day moving average price of $60.11. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 0.55 and a beta of 0.89.
About Victory Capital
(
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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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