Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $65.11 Average PT from Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have earned an average recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $65.11.

Several research analysts have commented on VCTR shares. BMO Capital Markets boosted their price target on shares of Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Royal Bank of Canada boosted their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. B. Riley reaffirmed a “neutral” rating and issued a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. UBS Group boosted their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Barclays raised their price objective on shares of Victory Capital from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday.

Victory Capital Trading Up 0.9 %

Shares of Victory Capital stock opened at $66.18 on Friday. The company’s 50-day moving average price is $65.80 and its 200-day moving average price is $58.46. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a 12-month low of $33.39 and a 12-month high of $73.42. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 0.45 and a beta of 0.90.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a dividend of $0.44 per share. This is a boost 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 2.66%. The ex-dividend date was Monday, December 9th. Victory Capital’s dividend payout ratio (DPR) is 43.78%.

Institutional Investors Weigh In On Victory Capital

A number of hedge funds and other institutional investors have recently modified their holdings of VCTR. Contravisory Investment Management Inc. increased its stake in Victory Capital by 53.2% in the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after purchasing an additional 199 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Victory Capital by 367.5% in the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 452 shares during the last quarter. USA Financial Formulas increased its stake 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 buying an additional 676 shares during the period. Quantbot Technologies LP bought a new stake in Victory Capital during the 3rd quarter valued at $72,000. Finally, FMR LLC boosted its position in Victory Capital by 18.1% during the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after buying an additional 206 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.