Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $41.57 Consensus PT from Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTRGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $41.57.

VCTR has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of Victory Capital from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. BMO Capital Markets raised their price target on shares of Victory Capital from $47.00 to $51.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. B. Riley restated a “buy” rating and issued a $48.00 target price (up previously from $40.00) on shares of Victory Capital in a research report on Friday, February 16th. Morgan Stanley upped their price target on Victory Capital from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, February 12th. Finally, Royal Bank of Canada upped their price target on Victory Capital from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th.

View Our Latest Stock Analysis on Victory Capital

Victory Capital Trading Up 1.4 %

Shares of Victory Capital stock opened at $42.41 on Monday. Victory Capital has a fifty-two week low of $27.73 and a fifty-two week high of $42.49. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a 50-day simple moving average of $37.48 and a two-hundred day simple moving average of $34.25. The company has a market cap of $2.73 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00.

Victory Capital (NASDAQ:VCTRGet Free Report) last released its quarterly earnings results on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The firm had revenue of $205.80 million during the quarter, compared to the consensus estimate of $204.20 million. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities analysts predict that Victory Capital will post 5.02 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a $0.335 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.34 dividend on an annualized basis and a yield of 3.16%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.32. Victory Capital’s dividend payout ratio (DPR) is currently 42.81%.

Institutional Investors Weigh In On Victory Capital

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of Victory Capital by 77.3% in the 1st quarter. BlackRock Inc. now owns 2,471,393 shares of the company’s stock valued at $72,338,000 after acquiring an additional 1,077,162 shares during the last quarter. Vanguard Group Inc. grew its stake in Victory Capital by 110.6% during the 1st quarter. Vanguard Group Inc. now owns 1,564,346 shares of the company’s stock worth $45,162,000 after buying an additional 821,522 shares during the last quarter. Corient Private Wealth LLC grew its stake in Victory Capital by 126.8% during the 3rd quarter. Corient Private Wealth LLC now owns 1,046,684 shares of the company’s stock worth $34,896,000 after buying an additional 585,225 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Victory Capital by 352.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 727,054 shares of the company’s stock worth $22,931,000 after buying an additional 566,364 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Victory Capital by 426.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 589,710 shares of the company’s stock worth $20,310,000 after buying an additional 477,798 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

About Victory Capital

(Get Free Report

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.

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Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

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