Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $69.67 Average Price Target from Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have earned an average recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $68.89.

A number of equities research analysts have issued reports on VCTR shares. B. Riley reissued a “neutral” rating and issued a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price target on shares of Victory Capital from $69.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday. BMO Capital Markets raised their price target on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Barclays cut their target price on shares of Victory Capital from $75.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, Bank of America cut their target price on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd.

Victory Capital Trading Down 0.7 %

Shares of VCTR stock opened at $57.29 on Monday. Victory Capital has a 12-month low of $43.82 and a 12-month high of $73.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average price of $58.10 and a two-hundred day moving average price of $62.69. The firm has a market cap of $3.65 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Equities analysts anticipate that Victory Capital will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Tuesday, February 18th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio (DPR) is 43.02%.

Institutional Investors Weigh In On Victory Capital

Several hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of Victory Capital by 110.6% in the 3rd quarter. Barclays PLC now owns 99,367 shares of the company’s stock worth $5,506,000 after purchasing an additional 52,191 shares during the last quarter. McIlrath & Eck LLC purchased a new position in shares of Victory Capital in the 3rd quarter worth about $565,000. World Investment Advisors LLC purchased a new position in shares of Victory Capital in the 3rd quarter worth about $918,000. Franklin Resources Inc. raised its position in shares of Victory Capital by 113.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock worth $115,990,000 after purchasing an additional 1,051,459 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Victory Capital by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 47,626 shares of the company’s stock worth $2,638,000 after purchasing an additional 722 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Company Profile

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.