Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $64.67.

A number of equities analysts have commented on VCTR shares. Morgan Stanley boosted their price target on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday. Barclays boosted their target price on Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Royal Bank of Canada raised their price target on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. UBS Group boosted their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group raised their target price on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th.

Institutional Investors Weigh In On Victory Capital

Several hedge funds have recently bought and sold shares of VCTR. Contravisory Investment Management Inc. grew its holdings in shares of Victory Capital by 53.2% in the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after buying an additional 199 shares during the period. Farther Finance Advisors LLC grew its stake in Victory Capital by 367.5% in the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after acquiring an additional 452 shares during the period. USA Financial Formulas increased its holdings in shares of Victory Capital by 157.9% in the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after acquiring an additional 676 shares in the last quarter. Amalgamated Bank raised its position in shares of Victory Capital by 50.7% during the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after purchasing an additional 479 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Victory Capital during the third quarter worth about $72,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Up 0.2 %

Shares of NASDAQ VCTR opened at $65.60 on Tuesday. The business has a fifty day moving average of $64.47 and a two-hundred day moving average of $56.18. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital has a 52-week low of $32.55 and a 52-week high of $73.42. The stock has a market cap of $4.27 billion, a PE ratio of 16.32, a PEG ratio of 0.59 and a beta of 0.89.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were paid a dividend of $0.44 per share. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.76 annualized dividend and a yield of 2.68%. Victory Capital’s dividend payout ratio (DPR) is presently 43.78%.

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.