Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $75.1111.

A number of analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st. Morgan Stanley boosted their target price on Victory Capital from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Zacks Research downgraded Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Bank of America increased their price target on Victory Capital from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Finally, Barclays decreased their price objective on Victory Capital from $72.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st.

Institutional Investors Weigh In On Victory Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vicus Capital purchased a new stake in Victory Capital during the 2nd quarter worth about $279,000. Annex Advisory Services LLC raised its position in shares of Victory Capital by 4.6% during the 3rd quarter. Annex Advisory Services LLC now owns 544,078 shares of the company’s stock worth $35,234,000 after acquiring an additional 24,050 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Victory Capital by 418.8% during the third quarter. New York State Teachers Retirement System now owns 19,477 shares of the company’s stock worth $1,261,000 after purchasing an additional 15,723 shares during the last quarter. Amundi acquired a new position in Victory Capital in the second quarter valued at approximately $213,219,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Victory Capital by 55.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,816 shares of the company’s stock valued at $370,000 after purchasing an additional 2,063 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Up 0.0%

Shares of VCTR opened at $68.86 on Wednesday. The company’s 50-day simple moving average is $64.77 and its 200-day simple moving average is $66.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.26 and a current ratio of 1.26. Victory Capital has a 1 year low of $47.00 and a 1 year high of $73.00. The stock has a market capitalization of $4.47 billion, a PE ratio of 17.57, a P/E/G ratio of 0.68 and a beta of 1.07.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.03. The firm had revenue of $361.20 million during the quarter, compared to analysts’ expectations of $361.14 million. Victory Capital had a net margin of 25.27% and a return on equity of 24.23%. The business’s quarterly revenue was up 60.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 earnings per share. Analysts forecast 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 was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th were paid a $0.49 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $1.96 dividend on an annualized basis and a yield of 2.8%. Victory Capital’s payout ratio is currently 50.00%.

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.