Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $59.67.

Several equities analysts recently commented on the company. UBS Group raised their target price on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Barclays assumed coverage on shares of Victory Capital in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $58.00 target price on the stock. Morgan Stanley upgraded shares of Victory Capital from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $40.00 to $60.00 in a research report on Friday, October 18th. BMO Capital Markets boosted their price target on shares of Victory Capital from $61.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, August 19th.

Hedge Funds Weigh In On Victory Capital

Several hedge funds have recently added to or reduced their stakes in VCTR. Contravisory Investment Management Inc. boosted its stake in Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after acquiring an additional 199 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 452 shares during the period. Amalgamated Bank boosted its position in shares of Victory Capital by 50.7% in the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after purchasing an additional 479 shares during the last quarter. CWM LLC grew its stake in shares of Victory Capital by 486.2% during the second quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after purchasing an additional 564 shares during the period. Finally, Fiera Capital Corp increased its holdings in Victory Capital by 0.9% in the second quarter. Fiera Capital Corp now owns 73,974 shares of the company’s stock valued at $3,531,000 after purchasing an additional 644 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

NASDAQ:VCTR opened at $60.12 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91. The company has a 50-day moving average of $56.13 and a 200-day moving average of $52.37. Victory Capital has a 52 week low of $29.50 and a 52 week high of $61.97. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 0.64 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. The firm had revenue of $219.62 million during the quarter, compared to analysts’ expectations of $220.82 million. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. As a group, equities research analysts anticipate that Victory Capital will post 5.18 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Tuesday, September 10th. This is a boost from Victory Capital’s previous quarterly dividend of $0.37. Victory Capital’s payout ratio is 46.20%.

About Victory Capital

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.