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

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $82.7143.

VCTR has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Victory Capital in a research report on Tuesday, May 12th. Barclays lifted their target price on shares of Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, May 8th.

Victory Capital Stock Up 0.1%

Shares of NASDAQ VCTR opened at $84.67 on Tuesday. The company’s 50-day simple moving average is $76.06 and its 200-day simple moving average is $70.39. Victory Capital has a 52-week low of $57.03 and a 52-week high of $88.73. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.41.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.19. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The business had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. During the same quarter last year, the business earned $1.36 earnings per share. The company’s revenue for the quarter was up 76.7% compared to the same quarter last year. Equities analysts predict that Victory Capital will post 6.93 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date is Wednesday, June 10th. Victory Capital’s dividend payout ratio (DPR) is 44.14%.

Hedge Funds Weigh In On Victory Capital

Several hedge funds and other institutional investors have recently modified their holdings of VCTR. Amundi purchased a new position in shares of Victory Capital in the fourth quarter worth about $192,735,000. Vanguard Group Inc. lifted its stake in shares of Victory Capital by 12.2% in the third quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock worth $307,073,000 after buying an additional 515,845 shares in the last quarter. FIL Ltd purchased a new position in shares of Victory Capital in the fourth quarter worth about $26,813,000. Principal Financial Group Inc. lifted its stake in shares of Victory Capital by 8,812.2% in the third quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock worth $18,175,000 after buying an additional 277,497 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Victory Capital by 163.6% in the third quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock worth $27,971,000 after buying an additional 268,061 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

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.