Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Consensus Recommendation of “Hold” from Brokerages

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has been given an average rating of “Hold” by the nine ratings firms that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $86.00.

VCTR has been the subject of several research reports. Barclays raised their target price on Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their price target on Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. The Goldman Sachs Group assumed coverage on Victory Capital in a research report on Tuesday, June 2nd. They set a “neutral” rating and a $90.00 price target on the stock. Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Victory Capital in a research report on Tuesday, May 12th.

Victory Capital Trading Up 1.6%

Victory Capital stock opened at $83.43 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 0.88 and a beta of 1.10. Victory Capital has a one year low of $57.03 and a one year high of $90.19. The company’s fifty day moving average price is $83.39 and its two-hundred day moving average price is $73.47.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. The firm had revenue of $387.99 million during the quarter, compared to analyst estimates of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The business’s revenue was up 76.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 EPS. On average, analysts forecast that Victory Capital will post 7.04 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were issued a $0.50 dividend. This is a boost from Victory Capital’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, June 10th. Victory Capital’s dividend payout ratio is currently 45.05%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VCTR. Caitong International Asset Management Co. Ltd raised its position in shares of Victory Capital by 19,350.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock worth $25,000 after purchasing an additional 387 shares during the period. Core Wealth Advisors LLC acquired a new position in Victory Capital during the fourth quarter worth $30,000. Covestor Ltd raised its stake in Victory Capital by 99.7% in the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after acquiring an additional 334 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of Victory Capital in the first quarter valued at about $46,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Victory Capital by 48.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock worth $48,000 after acquiring an additional 246 shares in the last quarter. 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.