Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $53.78 Consensus Price Target from Brokerages

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has received a consensus rating of “Hold” from the nine research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $54.44.

Several brokerages have issued reports on VCTR. UBS Group dropped their target price on Victory Capital from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Morgan Stanley lifted their target price on Victory Capital from $39.00 to $40.00 and gave the company an “underweight” rating in a research report on Tuesday, August 13th. Barclays started coverage on shares of Victory Capital in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $58.00 price target for the company. The Goldman Sachs Group increased their price objective on shares of Victory Capital from $59.50 to $60.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Bank of America raised their price target on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, August 12th.

Hedge Funds Weigh In On Victory Capital

Several hedge funds have recently modified their holdings of the stock. Capital World Investors increased its position 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 acquiring an additional 1,025,954 shares during the period. Swedbank AB purchased a new position in shares of Victory Capital in the first quarter worth about $29,701,000. Vanguard Group Inc. lifted its holdings in shares of Victory Capital by 16.4% during 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 during the period. Goldman Sachs Group Inc. lifted its holdings in shares of 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 position in Victory Capital by 35.0% in the first quarter. Bahl & Gaynor Inc. now owns 1,110,948 shares of the company’s stock valued at $47,138,000 after buying an additional 288,280 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Price Performance

NASDAQ VCTR opened at $58.23 on Thursday. Victory Capital has a one year low of $28.66 and a one year high of $58.58. The stock has a 50-day moving average of $53.07 and a 200 day moving average of $50.57. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 0.61 and a beta of 0.91.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data 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. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. The firm had revenue of $219.62 million during the quarter, compared to analysts’ expectations of $220.82 million. On average, sell-side analysts forecast that Victory Capital will post 5.19 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th were given a dividend of $0.41 per share. This is a positive change from Victory Capital’s previous quarterly dividend of $0.37. This represents a $1.64 annualized dividend and a yield of 2.82%. The ex-dividend date was Tuesday, September 10th. Victory Capital’s dividend payout ratio is currently 46.20%.

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.