Victory Capital (NASDAQ:VCTR) Hits New 1-Year High – Still a Buy?

Victory Capital Holdings, Inc. (NASDAQ:VCTR) shares hit a new 52-week high on Monday . The stock traded as high as $102.60 and last traded at $102.2850, with a volume of 65663 shares changing hands. The stock had previously closed at $99.03.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on VCTR shares. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research note on Friday, July 17th. The Goldman Sachs Group assumed coverage on Victory Capital in a research report on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 target price on the stock. Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Royal Bank Of Canada upped their price target on shares of Victory Capital from $95.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, Barclays raised their price objective on shares of Victory Capital from $85.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Victory Capital presently has an average rating of “Moderate Buy” and an average target price of $90.00.

Victory Capital Price Performance

The firm’s fifty day moving average price is $90.01 and its 200 day moving average price is $78.70. The stock has a market cap of $6.37 billion, a PE ratio of 22.93, a P/E/G ratio of 1.16 and a beta of 1.09. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.41.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The business had revenue of $387.99 million for the quarter, compared to the consensus estimate of $364.97 million. During the same quarter in the previous year, the company posted $1.36 EPS. The company’s revenue was up 76.7% compared to the same quarter last year. As a group, equities analysts expect that Victory Capital Holdings, Inc. will post 7.38 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.0%. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date was Wednesday, June 10th. Victory Capital’s dividend payout ratio (DPR) is 45.05%.

Institutional Trading of Victory Capital

Large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its position in shares of Victory Capital by 19,350.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after buying an additional 387 shares in the last quarter. Core Wealth Advisors LLC purchased a new position in Victory Capital in the fourth quarter worth about $30,000. Covestor Ltd grew its position in Victory Capital by 99.7% in the fourth quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after acquiring an additional 334 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Victory Capital during the first quarter worth approximately $46,000. Finally, PNC Financial Services Group Inc. increased its stake in Victory Capital by 48.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock worth $48,000 after acquiring an additional 246 shares during the last quarter. 87.71% of the stock is currently 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.