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

Victory Capital Holdings, Inc. (NASDAQ:VCTR) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.50 per share on Friday, September 25th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, September 10th.

Victory Capital has raised its dividend by an average of 0.5%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Victory Capital has a payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Victory Capital to earn $8.05 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 24.8%.

Victory Capital Stock Performance

Victory Capital stock opened at $113.73 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The stock’s 50 day moving average price is $104.38 and its 200 day moving average price is $86.58. The firm has a market capitalization of $7.00 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 0.95 and a beta of 1.09. Victory Capital has a one year low of $57.03 and a one year high of $123.55.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.42. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. The business had revenue of $435.36 million during the quarter, compared to the consensus estimate of $386.09 million. As a group, sell-side analysts expect that Victory Capital will post 7.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Victory Capital by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,469 shares of the company’s stock worth $1,416,000 after acquiring an additional 1,060 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Victory Capital by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 366,318 shares of the company’s stock valued at $21,199,000 after purchasing an additional 5,685 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Victory Capital by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,285 shares of the company’s stock worth $5,688,000 after purchasing an additional 9,319 shares during the last quarter. Jane Street Group LLC acquired a new stake in Victory Capital in the 1st quarter worth $3,747,000. Finally, Intech Investment Management LLC increased its holdings in shares of Victory Capital by 18.8% during the 1st quarter. Intech Investment Management LLC now owns 20,442 shares of the company’s stock worth $1,183,000 after purchasing an additional 3,237 shares during the period. 87.71% of the stock is owned by institutional investors.

Victory Capital Company Profile

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.