Victory Capital Holdings, Inc. (NASDAQ:VCTR) Stock Has Average Price Target of $113.33 According to Brokerages

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $113.33.

Several brokerages have recently weighed in on VCTR. Zacks Research lowered shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Royal Bank Of Canada lifted their target price on shares of Victory Capital from $107.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. UBS Group set a $117.00 price target on shares of Victory Capital in a research note on Friday, August 28th. Barclays increased their price target on shares of Victory Capital from $95.00 to $112.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Morgan Stanley raised their price objective on shares of Victory Capital from $91.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday, September 25th.

Institutional Trading of Victory Capital

Institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new position in Victory Capital in the 2nd quarter valued at $459,000. RFG Advisory LLC bought a new position in Victory Capital during the 2nd quarter worth $1,197,000. Paragon Capital Management Ltd acquired a new stake in shares of Victory Capital during the second quarter worth $246,000. Nykredit A S acquired a new stake in shares of Victory Capital during the second quarter worth $26,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Victory Capital during the second quarter worth $322,000. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Price Performance

NASDAQ:VCTR opened at $111.85 on Monday. Victory Capital has a 12-month low of $57.03 and a 12-month high of $123.55. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 0.53 and a beta of 1.12. The stock’s 50 day moving average price is $111.17 and its two-hundred day moving average price is $92.60. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.79 by $0.42. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%.The company had revenue of $435.36 million during the quarter, compared to the consensus estimate of $386.09 million. On average, analysts anticipate that Victory Capital will post 7.79 earnings per share for the current year.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 10th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.8%. Victory Capital’s dividend payout ratio (DPR) is 36.76%.

Victory Capital Company Profile

Victory Capital Holdings, Inc is an investment management company headquartered in San Antonio, Texas. Through its investment management businesses and affiliated brands, the company provides a range of actively managed and rules-based investment strategies for individual investors, financial intermediaries, retirement plans, institutions and other organizations.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment mandates.