Victory Capital (NASDAQ:VCTR) Shares Break Above 50-Day Moving Average – Time to Sell?

Victory Capital Holdings, Inc. (NASDAQ:VCTR) shares crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $111.01 and traded as high as $113.00. Victory Capital shares last traded at $111.87, with a volume of 374,861 shares traded.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Victory Capital from $100.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. UBS Group set a $117.00 price target on shares of Victory Capital in a research report on Friday, August 28th. Royal Bank Of Canada increased their price objective on shares of Victory Capital from $107.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Weiss Ratings raised shares of Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Victory Capital from $101.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $118.67.

Victory Capital Stock Down 2.8%

The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 0.53 and a beta of 1.12. The firm’s fifty day moving average is $110.92 and its two-hundred day moving average is $89.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.42. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. The firm had revenue of $435.36 million during the quarter, compared to analyst estimates of $386.09 million. On average, sell-side analysts expect that Victory Capital Holdings, Inc. will post 7.78 EPS for the current fiscal year.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Thursday, September 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $2.00 annualized dividend and a yield of 1.8%. Victory Capital’s payout ratio is presently 36.76%.

Institutional Investors Weigh In On Victory Capital

A number of institutional investors have recently added to or reduced their stakes in the company. Integrity Alliance LLC. acquired a new stake in Victory Capital during the third quarter valued at approximately $564,000. Oregon Public Employees Retirement Fund boosted its holdings in Victory Capital by 5.3% during the third quarter. Oregon Public Employees Retirement Fund now owns 11,059 shares of the company’s stock worth $1,223,000 after buying an additional 557 shares in the last quarter. Vise Technologies Inc. bought a new stake in Victory Capital during the third quarter worth approximately $305,000. State of Wyoming acquired a new position in Victory Capital in the third quarter worth approximately $310,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Victory Capital by 286.6% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 25,900 shares of the company’s stock worth $2,865,000 after buying an additional 19,200 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Company Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.