Victory Capital Holdings Inc (NASDAQ:VCTR) has received a consensus recommendation of “Buy” from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.79.

A number of brokerages recently commented on VCTR. Goldman Sachs Group reissued a “buy” rating and issued a $24.00 price target on shares of Victory Capital in a report on Tuesday, July 23rd. Zacks Investment Research upgraded Victory Capital from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Wednesday, August 7th. Royal Bank of Canada upped their target price on Victory Capital to $19.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. ValuEngine cut Victory Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Barclays began coverage on shares of Victory Capital in a research report on Friday, September 6th. They set an “overweight” rating and a $23.00 price target for the company.

VCTR stock traded down $0.37 during trading on Friday, reaching $16.85. The stock had a trading volume of 47,827 shares, compared to its average volume of 117,433. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.55. The firm has a fifty day moving average price of $16.76 and a 200 day moving average price of $16.30. The company has a market capitalization of $1.15 billion, a P/E ratio of 11.54 and a beta of 1.66. Victory Capital has a 1-year low of $7.27 and a 1-year high of $19.96.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Monday, August 12th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Victory Capital had a return on equity of 22.15% and a net margin of 16.56%. The company had revenue of $91.36 million during the quarter, compared to the consensus estimate of $93.76 million. Sell-side analysts predict that Victory Capital will post 2.35 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Monday, September 9th. Victory Capital’s dividend payout ratio is currently 13.70%.

In other news, Director James B. Hawkes acquired 5,692 shares of the business’s stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $15.69 per share, for a total transaction of $89,307.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 10.16% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Maltese Capital Management LLC grew its position in shares of Victory Capital by 93.2% during the 2nd quarter. Maltese Capital Management LLC now owns 721,349 shares of the company’s stock valued at $12,393,000 after buying an additional 348,041 shares during the last quarter. Man Group plc grew its stake in Victory Capital by 21.4% during the 2nd quarter. Man Group plc now owns 27,315 shares of the company’s stock worth $469,000 after buying an additional 4,815 shares during the last quarter. Bank of America Corp DE increased its position in Victory Capital by 1,770.0% in the second quarter. Bank of America Corp DE now owns 270,776 shares of the company’s stock worth $4,652,000 after buying an additional 256,296 shares during the period. Invesco Ltd. increased its position in Victory Capital by 9.5% in the second quarter. Invesco Ltd. now owns 63,986 shares of the company’s stock worth $1,099,000 after buying an additional 5,545 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Victory Capital by 3.9% in the second quarter. Vanguard Group Inc. now owns 617,822 shares of the company’s stock valued at $10,613,000 after buying an additional 23,033 shares during the last quarter. Hedge funds and other institutional investors own 14.78% of the company’s stock.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.

Read More: What is the Rule of 72?

Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

Receive News & Ratings for Victory Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victory Capital and related companies with MarketBeat.com's FREE daily email newsletter.