Brokerages Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) Price Target at $65.11

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTRGet Free Report) have received an average rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $65.11.

Several research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Barclays increased their price objective on Victory Capital from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday. BMO Capital Markets raised their target price on Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. B. Riley reissued a “neutral” rating and issued a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th.

Check Out Our Latest Stock Report on Victory Capital

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Contravisory Investment Management Inc. increased its position in Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after buying an additional 199 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after acquiring an additional 452 shares during the period. USA Financial Formulas lifted its holdings in Victory Capital by 157.9% during the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after purchasing an additional 676 shares during the last quarter. Quantbot Technologies LP bought a new position in Victory Capital during the third quarter worth about $72,000. Finally, FMR LLC increased its stake in shares of Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after purchasing an additional 206 shares in the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Trading Up 0.9 %

NASDAQ VCTR opened at $66.18 on Friday. Victory Capital has a 52 week low of $33.39 and a 52 week high of $73.42. The business has a 50 day moving average price of $65.80 and a 200-day moving average price of $58.46. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 0.45 and a beta of 0.90.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.66%. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, December 9th. Victory Capital’s payout ratio is presently 43.78%.

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.

Further Reading

Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

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