Victory Capital (NASDAQ:VCTR) Hits New 12-Month High – Still a Buy?

Victory Capital Holdings, Inc. (NASDAQ:VCTR) shares reached a new 52-week high on Tuesday . The stock traded as high as $89.70 and last traded at $88.8150, with a volume of 62264 shares. The stock had previously closed at $87.40.

Wall Street Analysts Forecast Growth

VCTR has been the topic of several research reports. Royal Bank Of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Victory Capital in a report on Tuesday, May 12th. The Goldman Sachs Group began coverage on shares of Victory Capital in a report on Tuesday, June 2nd. They set a “neutral” rating and a $90.00 price objective on the stock. Barclays lifted their target price on Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $84.71.

Victory Capital Stock Performance

The company’s fifty day moving average price is $77.88 and its 200 day moving average price is $71.23. The company has a market cap of $5.48 billion, a PE ratio of 19.76, a P/E/G ratio of 0.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.13.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.63 by $0.19. The company had revenue of $387.99 million during the quarter, compared to the consensus estimate of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The firm’s revenue for the quarter was up 76.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 earnings per share. On average, equities research analysts predict that Victory Capital Holdings, Inc. will post 7.04 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, June 10th. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 2.3%. Victory Capital’s dividend payout ratio (DPR) is currently 44.14%.

Hedge Funds Weigh In On Victory Capital

Several institutional investors have recently added to or reduced their stakes in VCTR. Amundi bought a new position in Victory Capital during the fourth quarter valued at about $192,735,000. Vanguard Group Inc. grew its position in Victory Capital by 12.2% during the third quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock valued at $307,073,000 after buying an additional 515,845 shares during the period. FIL Ltd bought a new position in Victory Capital during the fourth quarter valued at about $26,813,000. Principal Financial Group Inc. grew its position in Victory Capital by 8,812.2% during the third quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock valued at $18,175,000 after buying an additional 277,497 shares during the period. Finally, Invesco Ltd. grew its position in Victory Capital by 163.6% during the third quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock valued at $27,971,000 after buying an additional 268,061 shares during the period. Institutional investors own 87.71% of the company’s stock.

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.