Victory Capital (NASDAQ:VCTR) Hits New 12-Month High – Still a Buy?

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $119.73 and last traded at $119.7410, with a volume of 336827 shares. The stock had previously closed at $115.34.

Wall Street Analyst Weigh In

A number of brokerages have commented on VCTR. The Goldman Sachs Group reissued a “neutral” rating and set a $100.00 target price on shares of Victory Capital in a report on Friday, August 7th. Barclays lifted their price target on Victory Capital from $95.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Morgan Stanley set a $91.00 price target on Victory Capital in a research report on Wednesday, July 29th. Weiss Ratings raised Victory Capital from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. raised their price objective on Victory Capital from $87.00 to $101.00 and gave the company a “neutral” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Victory Capital currently has an average rating of “Moderate Buy” and a consensus price target of $101.00.

Victory Capital Stock Performance

The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $98.83 and its 200 day simple moving average is $83.94. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 0.97 and a beta of 1.08.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.42. The business had revenue of $435.36 million for the quarter, compared to analysts’ expectations of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. As a group, analysts anticipate that Victory Capital Holdings, Inc. will post 7.63 earnings per share for the current year.

Victory Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. Victory Capital’s payout ratio is 36.76%.

Institutional Trading of Victory Capital

A number of hedge funds and other institutional investors have recently modified their holdings of VCTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Victory Capital by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,469 shares of the company’s stock valued at $1,416,000 after acquiring an additional 1,060 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Victory Capital by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 366,318 shares of the company’s stock valued at $21,199,000 after purchasing an additional 5,685 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Victory Capital by 10.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,285 shares of the company’s stock worth $5,688,000 after purchasing an additional 9,319 shares during the last quarter. Jane Street Group LLC purchased a new position in Victory Capital during the first quarter worth about $3,747,000. Finally, Intech Investment Management LLC raised its stake in Victory Capital by 18.8% during the first quarter. Intech Investment Management LLC now owns 20,442 shares of the company’s stock worth $1,183,000 after purchasing an additional 3,237 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

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.