Victory Capital (NASDAQ:VCTR) Reaches New 12-Month High – Should You Buy?

Victory Capital Holdings, Inc. (NASDAQ:VCTR)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $90.22 and last traded at $90.2550, with a volume of 246038 shares changing hands. The stock had previously closed at $87.74.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VCTR shares. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Royal Bank Of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Victory Capital in a report on Tuesday, May 12th. JPMorgan Chase & Co. raised their target price on Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Morgan Stanley lifted their price objective on Victory Capital from $76.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, June 26th. Finally, Barclays lifted their price target on shares of Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $86.00.

Victory Capital Trading Up 2.9%

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.41. The business’s fifty day moving average is $84.55 and its two-hundred day moving average is $74.32. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 0.92 and a beta of 1.09.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.19. The firm had revenue of $387.99 million for 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%.The business’s quarterly revenue was up 76.7% compared to the same quarter last year. During the same period last year, the company earned $1.36 EPS. Equities analysts anticipate that Victory Capital Holdings, Inc. will post 7.21 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were issued a dividend of $0.50 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, June 10th. Victory Capital’s dividend payout ratio is presently 45.05%.

Hedge Funds Weigh In On Victory Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in VCTR. Argent Capital Management LLC raised its position in Victory Capital by 52.1% in the 1st quarter. Argent Capital Management LLC now owns 179,683 shares of the company’s stock valued at $11,766,000 after buying an additional 61,583 shares during the last quarter. McIlrath & Eck LLC lifted its position in shares of 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 in the last quarter. Bank of America Corp DE lifted its position in shares of Victory Capital by 12.4% in the first quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock worth $65,965,000 after purchasing an additional 111,063 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Victory Capital by 203.5% during the first quarter. Janus Henderson Group PLC now owns 58,127 shares of the company’s stock worth $3,805,000 after purchasing an additional 38,977 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in Victory Capital by 28.9% during the first quarter. California State Teachers Retirement System now owns 52,699 shares of the company’s stock worth $3,451,000 after purchasing an additional 11,811 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

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.