Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $74.00 Consensus Target Price from Analysts

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $74.00.

Several research firms recently weighed in on VCTR. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, October 8th. Barclays dropped 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. Bank of America raised their price objective on Victory Capital from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. B. Riley raised their price target on Victory Capital from $74.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Finally, Morgan Stanley raised their price target on Victory Capital from $67.00 to $69.00 and gave the stock a “positive” rating in a research report on Monday, October 6th.

Institutional Investors Weigh In On Victory Capital

Several hedge funds have recently made changes to their positions in VCTR. Allspring Global Investments Holdings LLC boosted its holdings in Victory Capital by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,570 shares of the company’s stock valued at $997,000 after acquiring an additional 5,807 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Victory Capital by 3.5% in the first quarter. Envestnet Asset Management Inc. now owns 128,061 shares of the company’s stock valued at $7,411,000 after acquiring an additional 4,377 shares during the last quarter. SG Americas Securities LLC acquired a new position in Victory Capital in the first quarter valued at $657,000. KBC Group NV acquired a new position in Victory Capital in the first quarter valued at $131,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Victory Capital by 4.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 511,553 shares of the company’s stock valued at $29,604,000 after acquiring an additional 19,508 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Stock Down 0.8%

VCTR opened at $64.53 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.37. The business has a 50 day simple moving average of $68.31 and a 200-day simple moving average of $64.69. The stock has a market capitalization of $4.31 billion, a P/E ratio of 15.93, a P/E/G ratio of 0.66 and a beta of 1.07. Victory Capital has a 12 month low of $47.00 and a 12 month high of $73.42.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The firm had revenue of $351.21 million during the quarter, compared to the consensus estimate of $348.89 million. During the same period last year, the business posted $1.31 EPS. Victory Capital’s quarterly revenue was up 59.9% on a year-over-year basis. On average, equities analysts anticipate that Victory Capital will post 6.16 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.96 annualized dividend and a yield of 3.0%. Victory Capital’s dividend payout ratio (DPR) is presently 48.40%.

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.