Brokerages Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) Price Target at $66.11

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been given an average recommendation of “Hold” by the nine analysts that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $68.33.

A number of analysts have issued reports on the company. Barclays lifted their price objective on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Morgan Stanley boosted their price target on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. BMO Capital Markets increased their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. boosted their target price on shares of Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, UBS Group increased their price target on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

Victory Capital Price Performance

NASDAQ VCTR opened at $68.37 on Wednesday. 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 $36.02 and a 12 month high of $73.42. The company’s 50 day moving average is $65.60 and its two-hundred day moving average is $60.69. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 0.55 and a beta of 0.89.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. As a group, research analysts anticipate that Victory Capital will post 6.06 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.75%. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, February 18th. Victory Capital’s dividend payout ratio is presently 40.27%.

Institutional Trading of Victory Capital

Institutional investors have recently added to or reduced their stakes in the company. Ritholtz Wealth Management purchased a new stake in shares of Victory Capital in the third quarter worth approximately $267,000. Creative Planning purchased a new stake in Victory Capital in the third quarter worth $476,000. Blue Trust Inc. increased its stake in Victory Capital by 170.0% in the third quarter. Blue Trust Inc. now owns 3,105 shares of the company’s stock worth $172,000 after purchasing an additional 1,955 shares during the period. Raymond James & Associates lifted its position in shares of Victory Capital by 9.1% during the third quarter. Raymond James & Associates now owns 54,792 shares of the company’s stock worth $3,035,000 after purchasing an additional 4,552 shares during the last quarter. Finally, Argent Capital Management LLC boosted its stake in shares of Victory Capital by 5.2% during the third quarter. Argent Capital Management LLC now owns 108,709 shares of the company’s stock valued at $6,022,000 after purchasing an additional 5,357 shares during the period. Institutional investors own 87.71% of the company’s stock.

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.