Victory Capital (NASDAQ:VCTR) Reaches New 1-Year High at $56.29

Victory Capital Holdings, Inc. (NASDAQ:VCTR)’s stock price reached a new 52-week high on Monday . The stock traded as high as $56.29 and last traded at $56.26, with a volume of 9713 shares changing hands. The stock had previously closed at $55.15.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Bank of America increased their price target on shares of Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Morgan Stanley raised their price objective on shares of Victory Capital from $39.00 to $40.00 and gave the stock an “underweight” rating in a report on Tuesday, August 13th. Royal Bank of Canada reduced their target price on Victory Capital from $56.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Finally, The Goldman Sachs Group raised their target price on Victory Capital from $53.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.67.

Victory Capital Trading Up 1.6 %

The stock has a 50-day moving average of $51.84 and a two-hundred day moving average of $49.00. The company has a market cap of $3.63 billion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 0.58 and a beta of 0.91. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.04. The firm had revenue of $219.62 million during the quarter, compared to the consensus estimate of $220.82 million. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. On average, equities research analysts predict that Victory Capital Holdings, Inc. will post 5.19 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Tuesday, September 10th. This is an increase from Victory Capital’s previous quarterly dividend of $0.37. Victory Capital’s dividend payout ratio is currently 50.31%.

Institutional Trading of Victory Capital

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC grew its stake in shares of Victory Capital by 486.2% in the second quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after acquiring an additional 564 shares during the period. Amalgamated Bank raised its stake in Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after buying an additional 479 shares during the last quarter. nVerses Capital LLC lifted its holdings in shares of Victory Capital by 200.0% during the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the company’s stock valued at $129,000 after buying an additional 1,800 shares during the period. Picton Mahoney Asset Management purchased a new position in shares of Victory Capital in the 2nd quarter worth $156,000. Finally, Rothschild Investment LLC bought a new stake in shares of Victory Capital in the second quarter worth $202,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

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.