Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $98.29 Consensus Target Price from Analysts

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $98.2857.

A number of brokerages recently weighed in on VCTR. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $100.00 price target on shares of Victory Capital in a research note on Friday, August 7th. Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. increased their target price on Victory Capital from $87.00 to $101.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Morgan Stanley set a $91.00 target price on Victory Capital in a research report on Wednesday, July 29th. Finally, Zacks Research raised Victory Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi acquired a new stake in shares of Victory Capital in the fourth quarter valued at approximately $192,735,000. Bank of New York Mellon Corp purchased a new stake in Victory Capital in the 2nd quarter valued at $42,035,000. FIL Ltd acquired a new stake in shares of Victory Capital in the 4th quarter worth $26,813,000. Invesco Ltd. increased its stake in shares of Victory Capital by 163.6% in the 3rd quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock worth $27,971,000 after acquiring an additional 268,061 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its stake in shares of Victory Capital by 747.2% in the 3rd quarter. Voloridge Investment Management LLC now owns 299,862 shares of the company’s stock worth $19,419,000 after acquiring an additional 264,468 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Performance

NASDAQ:VCTR opened at $117.77 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $7.24 billion, a PE ratio of 21.65, a P/E/G ratio of 0.99 and a beta of 1.08. Victory Capital has a fifty-two week low of $57.03 and a fifty-two week high of $119.56. The company has a fifty day moving average of $95.96 and a two-hundred day moving average of $82.36.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.42. The business had revenue of $435.36 million for the quarter, compared to analyst estimates of $386.09 million. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. As a group, research analysts forecast that Victory Capital will post 7.63 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, September 10th. Victory Capital’s dividend payout ratio is currently 36.76%.

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.