Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $75.3750.

Several research firms have recently commented on VCTR. Morgan Stanley lowered their price target on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. upped their target price on Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Barclays set a $69.00 target price on Victory Capital in a report on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Finally, Wall Street Zen raised Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th.

Hedge Funds Weigh In On Victory Capital

Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in Victory Capital by 2,131.6% during the second quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock worth $27,000 after acquiring an additional 405 shares during the last quarter. Core Wealth Advisors LLC acquired a new position in Victory Capital in the 4th quarter valued at $30,000. Covestor Ltd lifted its stake in shares of Victory Capital by 99.7% during the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after purchasing an additional 334 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Victory Capital by 48.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock worth $48,000 after purchasing an additional 246 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Victory Capital by 146.4% in the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock valued at $54,000 after purchasing an additional 511 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Trading Down 0.5%

NASDAQ:VCTR opened at $75.59 on Friday. Victory Capital has a 52-week low of $47.00 and a 52-week high of $77.78. The company has a quick ratio of 1.26, a current ratio of 1.47 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $68.49 and a 200-day simple moving average of $67.00. The company has a market capitalization of $4.91 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 0.79 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.12. The firm had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The firm’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same period last year, the firm posted $1.45 EPS. On average, equities research analysts expect that Victory Capital will post 6.16 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Victory Capital’s dividend payout ratio (DPR) is currently 48.16%.

About Victory Capital

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.