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

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $89.1429.

A number of brokerages have recently commented on VCTR. Zacks Research upgraded shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Morgan Stanley increased their price objective on shares of Victory Capital from $76.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th. The Goldman Sachs Group assumed coverage on shares of Victory Capital in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 target price on the stock. Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Royal Bank Of Canada lifted their target price on shares of Victory Capital from $95.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday.

Victory Capital Stock Performance

Victory Capital stock opened at $97.20 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.13. Victory Capital has a one year low of $57.03 and a one year high of $102.05. The stock has a market capitalization of $6.08 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09. The business’s fifty day moving average is $88.61 and its 200 day moving average is $77.60.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. The business had revenue of $387.99 million during the quarter, compared to analyst estimates of $364.97 million. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.Victory Capital’s revenue was up 76.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 EPS. On average, sell-side analysts predict that Victory Capital will post 7.38 EPS for the current year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were paid a $0.50 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date was Wednesday, June 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.1%. Victory Capital’s dividend payout ratio (DPR) is 45.05%.

Institutional Trading of Victory Capital

Several large investors have recently modified their holdings of VCTR. Argent Capital Management LLC lifted its holdings in Victory Capital by 52.1% in the first quarter. Argent Capital Management LLC now owns 179,683 shares of the company’s stock valued at $11,766,000 after acquiring an additional 61,583 shares during the period. McIlrath & Eck LLC boosted its position in Victory Capital by 22.4% in the first quarter. McIlrath & Eck LLC now owns 3,369 shares of the company’s stock worth $221,000 after purchasing an additional 616 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Victory Capital by 12.4% during the 1st quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock valued at $65,965,000 after purchasing an additional 111,063 shares during the period. Janus Henderson Group PLC grew its stake in shares of Victory Capital by 203.5% during the 1st quarter. Janus Henderson Group PLC now owns 58,127 shares of the company’s stock valued at $3,805,000 after purchasing an additional 38,977 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of Victory Capital by 28.9% during the 1st quarter. California State Teachers Retirement System now owns 52,699 shares of the company’s stock valued at $3,451,000 after purchasing an additional 11,811 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

About Victory Capital

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.