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

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $59.67.

A number of brokerages recently commented on VCTR. Morgan Stanley upgraded shares of Victory Capital from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $40.00 to $60.00 in a report on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. UBS Group upped their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their target price on Victory Capital from $61.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Barclays started coverage on Victory Capital in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $58.00 price target for the company.

Victory Capital Price Performance

Shares of VCTR stock opened at $60.12 on Monday. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 0.64 and a beta of 0.90. Victory Capital has a 12-month low of $29.50 and a 12-month high of $61.97. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.87. The firm has a fifty day moving average of $56.13 and a 200-day moving average of $52.37.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. The company had revenue of $219.62 million for the quarter, compared to analyst estimates of $220.82 million. On average, equities research analysts forecast that Victory Capital will post 5.18 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Tuesday, September 10th. This is an increase from Victory Capital’s previous quarterly dividend of $0.37. Victory Capital’s dividend payout ratio (DPR) is 46.20%.

Institutional Trading of Victory Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of Victory Capital by 1.5% in the third quarter. Principal Financial Group Inc. now owns 47,626 shares of the company’s stock valued at $2,638,000 after purchasing an additional 722 shares during the last quarter. Pembroke Management LTD boosted its holdings in shares of Victory Capital by 92.5% during the 3rd quarter. Pembroke Management LTD now owns 111,817 shares of the company’s stock worth $6,195,000 after buying an additional 53,719 shares during the period. F M Investments LLC grew its stake in Victory Capital by 20.8% in the 3rd quarter. F M Investments LLC now owns 282,221 shares of the company’s stock valued at $15,635,000 after buying an additional 48,635 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after buying an additional 452 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Victory Capital by 32.8% in the 3rd quarter. US Bancorp DE now owns 21,560 shares of the company’s stock valued at $1,194,000 after acquiring an additional 5,325 shares during the period. Institutional investors own 87.71% of the company’s stock.

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.