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

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $75.3750.

Several brokerages have commented on VCTR. JPMorgan Chase & Co. lifted their price target on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada raised their price objective on shares of Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 10th. Morgan Stanley cut their target price on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Finally, Barclays set a $69.00 price target on shares of Victory Capital in a research report on Friday, February 6th.

Victory Capital Trading Down 2.4%

Shares of NASDAQ:VCTR opened at $67.02 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.47 and a current ratio of 1.47. The stock’s 50-day moving average is $70.49 and its 200-day moving average is $66.86. The company has a market cap of $4.35 billion, a P/E ratio of 16.47, a P/E/G ratio of 0.72 and a beta of 1.04. Victory Capital has a 52-week low of $47.00 and a 52-week high of $77.78.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.12. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The business had revenue of $374.12 million during the quarter, compared to analysts’ expectations of $371.09 million. During the same quarter in the previous year, the firm earned $1.45 EPS. The firm’s revenue was up 61.0% compared to the same quarter last year. Equities research analysts predict that Victory Capital will post 6.16 earnings per share for the current year.

Victory Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.96 dividend on an annualized basis and a yield of 2.9%. Victory Capital’s dividend payout ratio (DPR) is 48.16%.

Institutional Investors Weigh In On Victory Capital

A number of institutional investors have recently bought and sold shares of VCTR. Caitong International Asset Management Co. Ltd boosted its position in shares of Victory Capital by 19,350.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after acquiring an additional 387 shares in the last quarter. Core Wealth Advisors LLC acquired a new position in shares of Victory Capital in the 4th quarter worth approximately $30,000. Covestor Ltd lifted its position 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 buying an additional 334 shares during the period. PNC Financial Services Group Inc. boosted its stake in Victory Capital by 48.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after buying an additional 246 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in 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 acquiring an additional 511 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

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.