Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have earned an average rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $75.3750.

Several research firms have issued reports on VCTR. Wall Street Zen downgraded Victory Capital from a “buy” rating to a “hold” rating in a report on Saturday. Barclays set a $69.00 target price on shares of Victory Capital in a report on Friday, February 6th. Morgan Stanley dropped their target price on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their price target on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st.

Victory Capital Stock Performance

VCTR opened at $67.50 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.40. The firm has a market cap of $4.38 billion, a PE ratio of 16.58, a P/E/G ratio of 0.72 and a beta of 1.04. The business has a fifty day simple moving average of $70.45 and a 200-day simple moving average of $66.76. Victory Capital has a fifty-two week low of $47.00 and a fifty-two week high of $77.78.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The company had revenue of $374.12 million for the quarter, compared to analyst estimates of $371.09 million. During the same period in the previous year, the firm earned $1.45 earnings per share. Victory Capital’s revenue for the quarter was up 61.0% compared to the same quarter last year. As a group, equities analysts predict that Victory Capital will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, March 10th. Victory Capital’s payout ratio is 48.16%.

Institutional Trading of Victory Capital

Several hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. boosted its position in Victory Capital by 8,812.2% during the 3rd quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock worth $18,175,000 after acquiring an additional 277,497 shares during the period. AlphaQuest LLC grew its stake in Victory Capital by 192.1% during the 3rd quarter. AlphaQuest LLC now owns 21,698 shares of the company’s stock valued at $1,405,000 after acquiring an additional 14,269 shares in the last quarter. Aurora Investment Counsel acquired a new position in shares of Victory Capital in the 3rd quarter valued at about $2,205,000. Annex Advisory Services LLC increased its holdings in shares of Victory Capital by 4.6% in the 3rd quarter. Annex Advisory Services LLC now owns 544,078 shares of the company’s stock valued at $35,234,000 after purchasing an additional 24,050 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Victory Capital by 93.8% in the third quarter. Rhumbline Advisers now owns 128,360 shares of the company’s stock worth $8,313,000 after purchasing an additional 62,119 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.