Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have received an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $66.11.

VCTR has been the subject of a number of research analyst reports. Barclays lifted their target price on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday. The Goldman Sachs Group boosted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. UBS Group boosted their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Finally, BMO Capital Markets boosted their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday.

Hedge Funds Weigh In On Victory Capital

A number of hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors LLC purchased a new stake in shares of Victory Capital in the 3rd quarter worth approximately $918,000. Geode Capital Management LLC lifted its position in shares of Victory Capital by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock worth $57,446,000 after purchasing an additional 101,247 shares during the period. McIlrath & Eck LLC purchased a new stake in shares of Victory Capital in the 3rd quarter worth approximately $565,000. Bank of Montreal Can lifted its position in shares of Victory Capital by 282.0% in the 3rd quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock worth $2,412,000 after purchasing an additional 32,079 shares during the period. Finally, Royce & Associates LP purchased a new stake in shares of Victory Capital in the 3rd quarter worth approximately $7,755,000. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Stock Down 1.6 %

Shares of NASDAQ:VCTR opened at $68.85 on Wednesday. The stock’s 50-day moving average price is $65.45 and its 200-day moving average price is $60.22. Victory Capital has a 12-month low of $34.49 and a 12-month high of $73.42. The stock has a market capitalization of $4.48 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates 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 anticipate that Victory Capital will post 6.06 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.73%. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, February 18th. Victory Capital’s dividend payout ratio is presently 40.27%.

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.