Victory Capital (NASDAQ:VCTR) Hits New 12-Month High at $51.80

Victory Capital Holdings, Inc. (NASDAQ:VCTR) shares reached a new 52-week high during trading on Monday . The stock traded as high as $51.80 and last traded at $51.80, with a volume of 703 shares changing hands. The stock had previously closed at $51.58.

Analyst Ratings Changes

VCTR has been the subject of a number of research reports. B. Riley increased their price target on Victory Capital from $48.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, April 19th. UBS Group increased their price target on Victory Capital from $37.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. BMO Capital Markets increased their price target on Victory Capital from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Morgan Stanley increased their price target on Victory Capital from $30.00 to $32.00 and gave the company an “underweight” rating in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada increased their price target on Victory Capital from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Victory Capital currently has an average rating of “Hold” and an average target price of $46.67.

Victory Capital Trading Up 0.4 %

The firm has a market capitalization of $3.33 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 0.46 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. The firm has a 50 day moving average price of $41.91 and a two-hundred day moving average price of $36.11.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. The business had revenue of $205.80 million during the quarter, compared to analyst estimates of $204.20 million. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS. On average, equities research analysts expect that Victory Capital Holdings, Inc. will post 5.14 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 2.59%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, March 8th. Victory Capital’s dividend payout ratio (DPR) is currently 42.81%.

Institutional Trading of Victory Capital

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wesbanco Bank Inc. purchased a new stake in shares of Victory Capital during the first quarter worth $1,229,000. Legacy Wealth Asset Management LLC raised its holdings in Victory Capital by 48.1% during the first quarter. Legacy Wealth Asset Management LLC now owns 24,306 shares of the company’s stock valued at $1,031,000 after buying an additional 7,891 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Victory Capital by 88.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 20,105 shares of the company’s stock valued at $853,000 after buying an additional 9,450 shares in the last quarter. Diversified Trust Co raised its holdings in Victory Capital by 13.6% during the first quarter. Diversified Trust Co now owns 14,160 shares of the company’s stock valued at $601,000 after buying an additional 1,695 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in Victory Capital during the first quarter valued at about $298,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

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.