Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $41.57.

A number of analysts recently weighed in on the company. Morgan Stanley increased their price objective on Victory Capital from $28.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, February 12th. Royal Bank of Canada increased their price objective on Victory Capital from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. B. Riley reiterated a “buy” rating and set a $48.00 price target (up from $40.00) on shares of Victory Capital in a report on Friday, February 16th. UBS Group increased their price target on Victory Capital from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Finally, BMO Capital Markets increased their price target on Victory Capital from $47.00 to $51.00 and gave the stock an “outperform” rating in a report on Monday, February 12th.

Hedge Funds Weigh In On Victory Capital

A number of institutional investors and hedge funds have recently made changes to their positions in VCTR. Vanguard Group Inc. lifted its position in Victory Capital by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock valued at $110,627,000 after acquiring an additional 104,746 shares in the last quarter. BlackRock Inc. lifted its position in Victory Capital by 8.0% in the 2nd quarter. BlackRock Inc. now owns 2,668,250 shares of the company’s stock valued at $84,157,000 after acquiring an additional 196,857 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in Victory Capital by 19.2% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company’s stock valued at $60,537,000 after acquiring an additional 292,225 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Victory Capital by 9.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company’s stock valued at $51,297,000 after acquiring an additional 131,540 shares in the last quarter. Finally, LSV Asset Management lifted its position in Victory Capital by 22.2% in the 3rd quarter. LSV Asset Management now owns 1,380,922 shares of the company’s stock valued at $46,040,000 after acquiring an additional 250,600 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Up 0.0 %

Shares of NASDAQ:VCTR opened at $42.43 on Monday. The company has a fifty day moving average of $37.80 and a 200-day moving average of $34.37. The company has a market capitalization of $2.73 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.57 and a beta of 1.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 0.66. Victory Capital has a 52-week low of $27.73 and a 52-week high of $42.63.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $205.80 million during the quarter, compared to the consensus estimate of $204.20 million. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. Victory Capital’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. On average, equities analysts predict that Victory Capital will post 5.02 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from Victory Capital’s previous quarterly dividend of $0.32. Victory Capital’s dividend payout ratio is 42.81%.

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.