Analysts Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) Price Target at $53.78

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $54.44.

A number of equities research analysts recently issued reports on VCTR shares. The Goldman Sachs Group upped 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. UBS Group reduced their price target 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 upped their price target on Victory Capital from $39.00 to $40.00 and gave the company an “underweight” rating in a report on Tuesday, August 13th. Bank of America boosted their price objective on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada increased their target price on shares of Victory Capital from $55.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday.

Institutional Trading of Victory Capital

A number of institutional investors have recently made changes to their positions in VCTR. Capital World Investors raised its holdings 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 worth $94,278,000 after purchasing an additional 1,025,954 shares in the last quarter. Swedbank AB acquired a new stake in shares of Victory Capital during the 1st quarter valued at $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 valued at $158,661,000 after purchasing an additional 527,190 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Victory Capital by 426.9% in the 4th 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 in the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in Victory Capital by 35.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,110,948 shares of the company’s stock worth $47,138,000 after buying an additional 288,280 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Trading Up 1.6 %

Victory Capital stock opened at $58.23 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. The firm has a market cap of $3.78 billion, a PE ratio of 16.40, a P/E/G ratio of 0.61 and a beta of 0.91. The stock’s 50 day simple moving average is $53.07 and its two-hundred day simple moving average is $50.57. Victory Capital has a 12 month low of $28.66 and a 12 month high of $58.58.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) 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 business had revenue of $219.62 million for the quarter, compared to analyst estimates of $220.82 million. Analysts anticipate that Victory Capital will post 5.19 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.64 dividend on an annualized basis and a yield of 2.82%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.37. Victory Capital’s payout ratio is currently 46.20%.

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.