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

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $63.67.

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective 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. The Goldman Sachs Group upped 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. Barclays raised their price objective on shares of Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. BMO Capital Markets boosted their target price on shares of Victory Capital from $69.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, Morgan Stanley increased their target price on Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $72.03 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 fifty day simple moving average of $60.84 and a two-hundred day simple moving average of $54.36. Victory Capital has a 1-year low of $31.18 and a 1-year high of $73.42. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 0.62 and a beta of 0.90.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.76 annualized dividend and a dividend yield of 2.44%. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio is presently 43.78%.

Institutional Trading of Victory Capital

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Victory Capital by 16.4% in the 1st quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock worth $158,661,000 after buying an additional 527,190 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in Victory Capital by 8.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 12,994 shares of the company’s stock valued at $551,000 after purchasing an additional 1,062 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Victory Capital by 15.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,669 shares of the company’s stock worth $326,000 after purchasing an additional 1,043 shares during the last quarter. Comerica Bank boosted its holdings in shares of Victory Capital by 237.6% in the 1st quarter. Comerica Bank now owns 6,846 shares of the company’s stock worth $290,000 after purchasing an additional 4,818 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Victory Capital during the 1st quarter valued at about $29,701,000. Hedge funds and other institutional investors 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.