Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Average Rating of “Hold” by Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have received a consensus rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $68.33.

VCTR has been the topic of several research analyst reports. Barclays upped their price objective on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. The Goldman Sachs Group increased their price target on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. increased their price target on shares of Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Morgan Stanley increased their price target on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Finally, BMO Capital Markets increased their price target on shares of Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, February 10th.

Victory Capital Price Performance

Shares of Victory Capital stock opened at $58.49 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.55 and a beta of 0.90. Victory Capital has a 1-year low of $39.26 and a 1-year high of $73.42. The firm’s 50-day moving average price is $65.04 and its two-hundred day moving average price is $62.00.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. On average, equities analysts predict that Victory Capital will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be paid a $0.47 dividend. The ex-dividend date is Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 3.21%. Victory Capital’s dividend payout ratio (DPR) is presently 43.02%.

Hedge Funds Weigh In On Victory Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of VCTR. New York State Teachers Retirement System boosted its stake in Victory Capital by 52.5% in the third quarter. New York State Teachers Retirement System now owns 3,754 shares of the company’s stock valued at $208,000 after acquiring an additional 1,293 shares during the last quarter. US Bancorp DE raised its holdings in Victory Capital by 32.8% in the third quarter. US Bancorp DE now owns 21,560 shares of the company’s stock worth $1,194,000 after purchasing an additional 5,325 shares during the period. Farther Finance Advisors LLC raised its holdings in Victory Capital by 367.5% in the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 452 shares during the period. Principal Financial Group Inc. boosted its position in shares of Victory Capital by 1.5% during the third quarter. Principal Financial Group Inc. now owns 47,626 shares of the company’s stock worth $2,638,000 after purchasing an additional 722 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Victory Capital during the third quarter worth $892,000. 87.71% of the stock is owned by institutional investors.

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.