Victory Capital (NASDAQ:VCTR) Reaches New 12-Month High at $44.44

Victory Capital Holdings, Inc. (NASDAQ:VCTR)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $44.44 and last traded at $44.35, with a volume of 855215 shares trading hands. The stock had previously closed at $42.58.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VCTR. 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. Morgan Stanley raised their target price on Victory Capital from $28.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, February 12th. B. Riley reiterated a “buy” rating and set a $48.00 price target (up previously from $40.00) on shares of Victory Capital in a research report on Friday, February 16th. 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 research report on Monday, February 12th. Finally, UBS Group raised their target price on Victory Capital from $33.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.57.

Victory Capital Stock Performance

The firm has a market cap of $2.82 billion, a PE ratio of 13.75, a P/E/G ratio of 0.54 and a beta of 1.00. The firm has a 50-day moving average price of $39.67 and a two-hundred day moving average price of $35.10. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

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

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Friday, March 8th. This is a boost from Victory Capital’s previous quarterly dividend of $0.32. Victory Capital’s dividend payout ratio (DPR) is currently 42.81%.

Institutional Investors Weigh In On Victory Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in 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 last quarter. BlackRock Inc. boosted its holdings in Victory Capital by 8.0% in the second quarter. BlackRock Inc. now owns 2,668,250 shares of the company’s stock valued at $84,157,000 after purchasing an additional 196,857 shares during the period. Van Berkom & Associates Inc. boosted its holdings in Victory Capital by 19.2% in the third quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company’s stock valued at $60,537,000 after purchasing an additional 292,225 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Victory Capital by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company’s stock valued at $51,297,000 after purchasing an additional 131,540 shares during the period. Finally, LSV Asset Management boosted its holdings in Victory Capital by 22.2% in the third quarter. LSV Asset Management now owns 1,380,922 shares of the company’s stock valued at $46,040,000 after purchasing an additional 250,600 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.