Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $66.11 Average PT from Brokerages

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has earned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $66.11.

A number of brokerages have commented on VCTR. BMO Capital Markets increased their price objective on Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Barclays increased their price target on Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Morgan Stanley increased their price target on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Royal Bank of Canada increased their price target on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group raised their price objective on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th.

Victory Capital Trading Up 0.9 %

VCTR stock opened at $69.14 on Wednesday. Victory Capital has a 1-year low of $36.02 and a 1-year high of $73.42. The firm has a market cap of $4.50 billion, a P/E ratio of 15.82, a P/E/G ratio of 0.55 and a beta of 0.89. The business’s 50 day moving average is $65.52 and its 200-day moving average is $60.44. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Equities analysts anticipate that Victory Capital will post 6.06 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.72%. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio (DPR) is presently 40.27%.

Institutional Investors Weigh In On Victory Capital

Hedge funds have recently bought and sold shares of the stock. Ritholtz Wealth Management acquired a new stake in shares of Victory Capital in the third quarter valued at approximately $267,000. Creative Planning acquired a new position in Victory Capital during the third quarter valued at approximately $476,000. Blue Trust Inc. raised its position in Victory Capital by 170.0% during the third quarter. Blue Trust Inc. now owns 3,105 shares of the company’s stock valued at $172,000 after purchasing an additional 1,955 shares in the last quarter. Raymond James & Associates grew its stake in shares of Victory Capital by 9.1% during the third quarter. Raymond James & Associates now owns 54,792 shares of the company’s stock worth $3,035,000 after buying an additional 4,552 shares during the last quarter. Finally, Argent Capital Management LLC grew its stake in shares of Victory Capital by 5.2% during the third quarter. Argent Capital Management LLC now owns 108,709 shares of the company’s stock worth $6,022,000 after buying an additional 5,357 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

About Victory Capital

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.