Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Average Rating of “Hold” by Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been assigned an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $49.57.

VCTR has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Victory Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Royal Bank of Canada boosted their price objective on Victory Capital from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. UBS Group lifted their price target on Victory Capital from $37.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Morgan Stanley increased their price objective on Victory Capital from $32.00 to $39.00 and gave the company an “underweight” rating in a research report on Wednesday, May 15th. Finally, B. Riley boosted their target price on shares of Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, April 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VCTR. Capital World Investors raised its stake in shares of Victory Capital by 85.8% in the 1st quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock valued at $94,278,000 after buying an additional 1,025,954 shares in the last quarter. Swedbank AB bought a new stake in Victory Capital in the first quarter valued at about $29,701,000. Vanguard Group Inc. raised its position in Victory Capital by 16.4% in the first quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock worth $158,661,000 after purchasing an additional 527,190 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Victory Capital by 426.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 589,710 shares of the company’s stock worth $20,310,000 after purchasing an additional 477,798 shares during the period. Finally, Bahl & Gaynor Inc. boosted its holdings in Victory Capital by 35.0% during the first quarter. Bahl & Gaynor Inc. now owns 1,110,948 shares of the company’s stock valued at $47,138,000 after purchasing an additional 288,280 shares in the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $47.57 on Tuesday. The stock has a market capitalization of $3.08 billion, a P/E ratio of 14.59, a P/E/G ratio of 0.51 and a beta of 0.93. The business has a 50-day moving average of $50.60 and a two-hundred day moving average of $42.32. Victory Capital has a fifty-two week low of $28.66 and a fifty-two week high of $54.94. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.71 and a quick ratio of 0.71.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Thursday, May 9th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. Victory Capital had a return on equity of 29.23% and a net margin of 26.28%. The company had revenue of $215.86 million for the quarter, compared to the consensus estimate of $219.14 million. On average, equities research analysts predict that Victory Capital will post 5.21 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th were given a dividend of $0.37 per share. The ex-dividend date was Monday, June 10th. This is a boost from Victory Capital’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.11%. Victory Capital’s payout ratio is currently 45.40%.

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.