Victory Capital (NASDAQ:VCTR) Hits New 52-Week High at $42.14

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $42.14 and last traded at $41.93, with a volume of 112247 shares. The stock had previously closed at $41.71.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VCTR. Royal Bank of Canada increased their price objective on Victory Capital from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. B. Riley reaffirmed a “buy” rating and set a $48.00 price target (up from $40.00) on shares of Victory Capital in a research note on Friday, February 16th. BMO Capital Markets increased their price target on Victory Capital from $47.00 to $51.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. UBS Group increased their price target on Victory Capital from $33.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Finally, Morgan Stanley increased their price target on Victory Capital from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $41.57.

Victory Capital Stock Up 0.0 %

The business has a 50-day moving average price of $37.65 and a 200-day moving average price of $34.31. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Friday, February 9th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. The company had revenue of $205.80 million for the quarter, compared to analyst estimates of $204.20 million. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. Victory Capital’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. As a group, equities analysts anticipate that Victory Capital Holdings, Inc. will post 5.02 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 3.16%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, March 8th. Victory Capital’s payout ratio is presently 42.81%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Federated Hermes Inc. raised its position in Victory Capital by 1.3% during the fourth quarter. Federated Hermes Inc. now owns 28,896 shares of the company’s stock valued at $995,000 after buying an additional 383 shares during the period. Olympiad Research LP raised its position in Victory Capital by 6.0% during the third quarter. Olympiad Research LP now owns 6,910 shares of the company’s stock valued at $230,000 after buying an additional 394 shares during the period. State of Wyoming raised its position in Victory Capital by 7.6% during the fourth quarter. State of Wyoming now owns 5,729 shares of the company’s stock valued at $154,000 after buying an additional 405 shares during the period. SMH Capital Advisors Inc. raised its position in Victory Capital by 4.4% during the fourth quarter. SMH Capital Advisors Inc. now owns 10,088 shares of the company’s stock valued at $271,000 after buying an additional 423 shares during the period. Finally, Sei Investments Co. grew its stake in Victory Capital by 3.9% in the first quarter. Sei Investments Co. now owns 11,801 shares of the company’s stock valued at $345,000 after purchasing an additional 446 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.