Victory Capital Holdings, Inc. (VCTR) To Go Ex-Dividend on December 10th

Victory Capital Holdings, Inc. (NASDAQ:VCTR) declared a quarterly dividend on Thursday, November 6th. Shareholders of record on Wednesday, December 10th will be given a dividend of 0.49 per share on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 10th.

Victory Capital has increased its dividend by an average of 0.7%annually over the last three years and has increased its dividend every year for the last 6 years. Victory Capital has a dividend payout ratio of 28.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Victory Capital to earn $6.87 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 28.5%.

Victory Capital Stock Down 0.8%

VCTR stock opened at $61.21 on Friday. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 0.62 and a beta of 1.10. The company has a 50-day moving average of $66.26 and a two-hundred day moving average of $65.38. Victory Capital has a 52-week low of $47.00 and a 52-week high of $73.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.37.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.03. The business had revenue of $361.20 million for the quarter, compared to analyst estimates of $361.14 million. Victory Capital had a return on equity of 27.38% and a net margin of 25.27%.The firm’s revenue for the quarter was up 60.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 earnings per share. As a group, equities research analysts anticipate that Victory Capital will post 6.16 EPS for the current year.

Institutional Investors Weigh In On Victory Capital

Several large investors have recently modified their holdings of VCTR. Baird Financial Group Inc. lifted its position in shares of Victory Capital by 1.6% during the 2nd quarter. Baird Financial Group Inc. now owns 10,332 shares of the company’s stock worth $658,000 after buying an additional 163 shares during the period. ProShare Advisors LLC raised its stake in Victory Capital by 2.0% during the second quarter. ProShare Advisors LLC now owns 9,081 shares of the company’s stock worth $578,000 after acquiring an additional 175 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in shares of Victory Capital by 2.0% during the third quarter. McIlrath & Eck LLC now owns 10,056 shares of the company’s stock valued at $651,000 after acquiring an additional 196 shares during the period. American Century Companies Inc. lifted its holdings in shares of Victory Capital by 1.9% during the second quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock valued at $757,000 after acquiring an additional 217 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Victory Capital by 5.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,521 shares of the company’s stock valued at $288,000 after purchasing an additional 218 shares in the last quarter. 87.71% of the stock is currently owned by 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.