Victory Capital Holdings, Inc. (NASDAQ:VCTR) Announces $0.50 Quarterly Dividend

Victory Capital Holdings, Inc. (NASDAQ:VCTR) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, September 10th will be given a dividend of 0.50 per share on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 10th.

Victory Capital has raised its dividend payment by an average of 0.5%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Victory Capital has a dividend payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Victory Capital to earn $8.01 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 25.0%.

Victory Capital Trading Down 2.6%

Shares of Victory Capital stock opened at $99.97 on Thursday. Victory Capital has a twelve month low of $57.03 and a twelve month high of $105.54. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $90.92 and a 200-day moving average price of $79.45. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.20 and a beta of 1.08.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.19. The company had revenue of $387.99 million during the quarter, compared to analyst estimates of $364.97 million. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The firm’s revenue was up 76.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.36 earnings per share. Equities research analysts anticipate that Victory Capital will post 7.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on VCTR shares. JPMorgan Chase & Co. raised their target price on shares of Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. The Goldman Sachs Group started coverage on shares of Victory Capital in a research report on Tuesday, June 2nd. They set a “neutral” rating and a $90.00 target price on the stock. Barclays boosted their price objective on Victory Capital from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Finally, Zacks Research upgraded Victory Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.00.

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.