Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $63.67 Average PT from Analysts

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $63.67.

Several research firms have recently weighed in on VCTR. JPMorgan Chase & Co. lifted their price objective on Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Morgan Stanley increased their price objective on Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. UBS Group boosted their price target on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Royal Bank of Canada upped their price objective on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group increased their target price on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th.

Hedge Funds Weigh In On Victory Capital

A number of hedge funds and other institutional investors have recently modified their holdings of VCTR. Franklin Resources Inc. raised its position in Victory Capital by 113.2% during the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after purchasing an additional 1,051,459 shares during the period. World Investment Advisors LLC bought a new position in Victory Capital in the third quarter worth approximately $918,000. Sanctuary Advisors LLC purchased a new stake in shares of Victory Capital during the 3rd quarter worth $648,000. McIlrath & Eck LLC purchased a new position in shares of Victory Capital in the 3rd quarter worth approximately $565,000. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Victory Capital by 33.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock valued at $105,000 after purchasing an additional 482 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Down 3.5 %

VCTR opened at $69.48 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital has a fifty-two week low of $31.71 and a fifty-two week high of $73.42. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 0.61 and a beta of 0.90. The company’s 50 day moving average price is $61.46 and its two-hundred day moving average price is $54.64.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.44 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, December 9th. Victory Capital’s payout ratio is currently 43.78%.

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.