Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $87.43 Consensus PT from Brokerages

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $89.1429.

VCTR has been the subject of several analyst reports. The Goldman Sachs Group assumed coverage on Victory Capital in a research note on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 price objective for the company. Morgan Stanley lifted their target price on Victory Capital from $76.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th. Zacks Research raised Victory Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Barclays raised 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, Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th.

Victory Capital Stock Performance

VCTR opened at $100.47 on Wednesday. The company’s 50 day moving average is $89.22 and its 200 day moving average is $78.07. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 1.17 and a beta of 1.09. Victory Capital has a 12-month low of $57.03 and a 12-month high of $102.05.

Victory Capital (NASDAQ:VCTR) last announced its 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. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The business had revenue of $387.99 million during the quarter, compared to analysts’ expectations of $364.97 million. During the same period in the prior year, the company earned $1.36 earnings per share. The firm’s revenue was up 76.7% on a year-over-year basis. On average, equities research analysts predict that Victory Capital will post 7.38 EPS for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, June 10th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. Victory Capital’s dividend payout ratio (DPR) is 45.05%.

Hedge Funds Weigh In On Victory Capital

A number of hedge funds have recently modified their holdings of VCTR. Argent Capital Management LLC increased its stake in shares of Victory Capital by 52.1% in the first quarter. Argent Capital Management LLC now owns 179,683 shares of the company’s stock worth $11,766,000 after purchasing an additional 61,583 shares in the last quarter. McIlrath & Eck LLC lifted its stake in shares of Victory Capital by 22.4% during the 1st quarter. McIlrath & Eck LLC now owns 3,369 shares of the company’s stock valued at $221,000 after buying an additional 616 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Victory Capital by 12.4% during the 1st quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock valued at $65,965,000 after buying an additional 111,063 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Victory Capital by 203.5% in the 1st quarter. Janus Henderson Group PLC now owns 58,127 shares of the company’s stock worth $3,805,000 after buying an additional 38,977 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in Victory Capital by 28.9% in the 1st quarter. California State Teachers Retirement System now owns 52,699 shares of the company’s stock worth $3,451,000 after buying an additional 11,811 shares during the period. 87.71% of the stock is currently owned by institutional investors.

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.