Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $68.33.

VCTR has been the subject of several research reports. B. Riley reaffirmed a “neutral” rating and set a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Morgan Stanley lifted their target price on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. increased their price target on shares of Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. BMO Capital Markets lifted their price objective on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, Barclays upped their target price on Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th.

Hedge Funds Weigh In On Victory Capital

Several institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd boosted its stake in Victory Capital by 3,207.1% in the 4th quarter. Covestor Ltd now owns 463 shares of the company’s stock worth $30,000 after buying an additional 449 shares during the last quarter. Principal Securities Inc. grew its holdings in Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after purchasing an additional 157 shares during the period. SBI Securities Co. Ltd. acquired a new position in Victory Capital during the fourth quarter worth approximately $43,000. Quantbot Technologies LP purchased a new position in Victory Capital during the third quarter worth approximately $72,000. Finally, FMR LLC boosted its holdings in shares of 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 purchasing an additional 206 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Trading Up 1.1 %

Shares of VCTR opened at $60.81 on Thursday. The firm’s 50-day moving average is $63.09 and its two-hundred day moving average is $62.80. Victory Capital has a twelve month low of $41.58 and a twelve month high of $73.42. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $3.87 billion, a P/E ratio of 13.92, a PEG ratio of 0.55 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share 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%. On average, research analysts predict that Victory Capital will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.09%. Victory Capital’s dividend payout ratio (DPR) is 43.02%.

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.