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

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $87.4286.

VCTR has been the subject of a number of recent analyst reports. Wall Street Zen raised Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a report on Friday. Barclays upped their target price on shares of Victory Capital from $85.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Morgan Stanley increased their target price on shares of Victory Capital from $76.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi bought a new stake in shares of Victory Capital in the fourth quarter worth about $192,735,000. FIL Ltd acquired a new stake in shares of Victory Capital during the fourth quarter worth about $26,813,000. Invesco Ltd. lifted its holdings in shares of Victory Capital by 163.6% during the 3rd quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock valued at $27,971,000 after purchasing an additional 268,061 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in shares of Victory Capital by 747.2% during the 3rd quarter. Voloridge Investment Management LLC now owns 299,862 shares of the company’s stock valued at $19,419,000 after purchasing an additional 264,468 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Victory Capital by 14.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock valued at $114,163,000 after purchasing an additional 221,471 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Trading Down 0.3%

NASDAQ VCTR opened at $97.92 on Wednesday. The stock has a 50-day simple moving average of $88.02 and a 200 day simple moving average of $76.92. The company has a market capitalization of $6.12 billion, a PE ratio of 22.05, a P/E/G ratio of 1.15 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. Victory Capital has a 12 month low of $57.03 and a 12 month high of $102.05.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. The firm had revenue of $387.99 million for the quarter, compared to analysts’ expectations of $364.97 million. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The company’s revenue was up 76.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.36 earnings per share. Research analysts forecast that Victory Capital will post 7.38 EPS for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were given a $0.50 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. Victory Capital’s dividend payout ratio is currently 45.05%.

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.