Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Consensus Rating of “Hold” from Analysts

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been assigned an average rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $68.33.

Several research firms recently commented on VCTR. B. Riley reaffirmed a “neutral” rating and issued a $60.00 price objective (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Barclays boosted their price objective on shares of Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. The Goldman Sachs Group boosted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Royal Bank of Canada boosted their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Finally, BMO Capital Markets boosted their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, February 10th.

Victory Capital Trading Up 1.2 %

Shares of NASDAQ VCTR opened at $58.49 on Friday. The company’s fifty day moving average is $65.04 and its 200-day moving average is $62.00. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.55 and a beta of 0.90. Victory Capital has a twelve month low of $39.26 and a twelve month high of $73.42. 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) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. Equities research analysts predict that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 3.21%. Victory Capital’s payout ratio is 43.02%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Victory Capital by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 3,966,221 shares of the company’s stock worth $259,629,000 after purchasing an additional 79,240 shares during the last quarter. Capital World Investors increased its stake in shares of Victory Capital by 0.4% during the 4th quarter. Capital World Investors now owns 3,231,009 shares of the company’s stock worth $211,502,000 after purchasing an additional 11,654 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Victory Capital by 1.6% during the 4th quarter. Franklin Resources Inc. now owns 2,011,963 shares of the company’s stock worth $131,703,000 after purchasing an additional 31,944 shares during the last quarter. Bahl & Gaynor Inc. increased its stake in shares of Victory Capital by 10.9% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company’s stock worth $101,949,000 after purchasing an additional 153,459 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Victory Capital by 46.8% during the 4th quarter. Bank of America Corp DE now owns 1,438,413 shares of the company’s stock worth $94,159,000 after purchasing an additional 458,534 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

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.