Analysts Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) PT at $82.71

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has been given an average rating of “Hold” by the nine ratings firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $84.7143.

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a report on Monday, April 20th. Royal Bank Of Canada restated an “outperform” rating and set a $95.00 price target on shares of Victory Capital in a report on Tuesday, May 12th. Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. The Goldman Sachs Group started coverage on Victory Capital in a report on Tuesday, June 2nd. They set a “neutral” rating and a $90.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their target price on Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, May 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Amundi purchased a new stake in Victory Capital during the 4th quarter valued at about $192,735,000. Vanguard Group Inc. boosted its position in shares of Victory Capital by 12.2% during the third quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock valued at $307,073,000 after buying an additional 515,845 shares during the period. FIL Ltd purchased a new position in shares of Victory Capital during the fourth quarter valued at approximately $26,813,000. Principal Financial Group Inc. boosted its position in shares of Victory Capital by 8,812.2% during the third quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock valued at $18,175,000 after buying an additional 277,497 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Victory Capital by 163.6% during the third quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock valued at $27,971,000 after buying an additional 268,061 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Down 1.4%

Shares of NASDAQ:VCTR opened at $87.50 on Tuesday. Victory Capital has a 1 year low of $57.03 and a 1 year high of $89.02. The company has a market cap of $5.47 billion, a PE ratio of 19.71, a P/E/G ratio of 0.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50-day moving average is $77.52 and its 200 day moving average is $70.99.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.19. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The company had revenue of $387.99 million for the quarter, compared to the consensus estimate of $364.97 million. During the same quarter in the previous year, the business earned $1.36 EPS. Victory Capital’s revenue was up 76.7% compared to the same quarter last year. Sell-side analysts anticipate that Victory Capital will post 7.04 EPS for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.50 per share. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date is Wednesday, June 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. Victory Capital’s dividend payout ratio (DPR) is currently 44.14%.

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.