Victory Capital Holdings, Inc. (VCTR) – What Are Investment Firms Thinking About This Stock?

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $113.33.

VCTR has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on Victory Capital from $91.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, September 25th. JPMorgan Chase & Co. raised their target price on shares of Victory Capital from $87.00 to $101.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday. Royal Bank Of Canada lifted their target price on shares of Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, Zacks Research cut shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th.

Institutional Trading of Victory Capital

A number of hedge funds have recently made changes to their positions in VCTR. ANB Bank bought a new position in Victory Capital in the third quarter valued at $288,000. GAMMA Investing LLC raised its position in Victory Capital by 17.0% during the third quarter. GAMMA Investing LLC now owns 1,227 shares of the company’s stock valued at $136,000 after purchasing an additional 178 shares in the last quarter. CoreCap Advisors LLC bought a new stake in Victory Capital during the third quarter worth about $355,000. Tidal Investments LLC bought a new stake in Victory Capital during the second quarter worth about $459,000. Finally, RFG Advisory LLC bought a new stake in Victory Capital during the second quarter worth about $1,197,000. 87.71% of the stock is owned by institutional investors.

Victory Capital Price Performance

Victory Capital stock opened at $112.44 on Monday. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 0.52 and a beta of 1.12. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The business has a 50-day simple moving average of $111.70 and a 200 day simple moving average of $93.23. Victory Capital has a 52 week low of $57.03 and a 52 week high of $123.55.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.42. The firm had revenue of $435.36 million for the quarter, compared to analysts’ expectations of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. On average, research analysts forecast that Victory Capital will post 7.79 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 10th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. Victory Capital’s dividend payout ratio (DPR) is 36.76%.

About Victory Capital

Victory Capital Holdings, Inc is an investment management company headquartered in San Antonio, Texas. Through its investment management businesses and affiliated brands, the company provides a range of actively managed and rules-based investment strategies for individual investors, financial intermediaries, retirement plans, institutions and other organizations.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment mandates.