Victory Capital (NASDAQ:VCTR) Hits New 1-Year High – What’s Next?

Victory Capital Holdings, Inc. (NASDAQ:VCTR)’s share price reached a new 52-week high on Wednesday . The company traded as high as $58.08 and last traded at $57.96, with a volume of 52932 shares traded. The stock had previously closed at $57.00.

Analyst Ratings Changes

VCTR has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their target price on Victory Capital from $59.50 to $60.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised their target price on shares of Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, August 19th. UBS Group lowered their price target on shares of Victory Capital from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Bank of America raised their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada lowered their target price on shares of Victory Capital from $56.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $53.78.

Victory Capital Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 0.61 and a beta of 0.91. The company’s 50 day moving average is $52.60 and its 200 day moving average is $50.30.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, beating 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 return on equity of 29.74% and a net margin of 27.87%. Research analysts anticipate that Victory Capital Holdings, Inc. will post 5.19 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th were paid a dividend of $0.41 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.64 dividend on an annualized basis and a yield of 2.85%. This is a boost from Victory Capital’s previous quarterly dividend of $0.37. Victory Capital’s dividend payout ratio is currently 50.31%.

Hedge Funds Weigh In On Victory Capital

Several institutional investors have recently added to or reduced their stakes in VCTR. Capital World Investors increased its stake in Victory Capital by 85.8% in the 1st quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock valued at $94,278,000 after buying an additional 1,025,954 shares during the period. Vanguard Group Inc. increased its stake in shares of Victory Capital by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock worth $110,627,000 after acquiring an additional 104,746 shares during the period. Swedbank AB raised its holdings in Victory Capital by 7.1% during the second quarter. Swedbank AB now owns 750,000 shares of the company’s stock worth $35,798,000 after purchasing an additional 50,000 shares in the last quarter. Granahan Investment Management LLC raised its holdings in Victory Capital by 22.0% during the fourth quarter. Granahan Investment Management LLC now owns 1,213,589 shares of the company’s stock worth $41,796,000 after purchasing an additional 219,025 shares in the last quarter. Finally, Sei Investments Co. lifted its position in Victory Capital by 106.7% in the first quarter. Sei Investments Co. now owns 113,254 shares of the company’s stock valued at $4,805,000 after purchasing an additional 58,458 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

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.