Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $68.33.

Several research firms recently weighed in on VCTR. BMO Capital Markets increased their target price on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Barclays raised their price objective on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. B. Riley restated a “neutral” rating and issued a $60.00 price objective (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Morgan Stanley raised their price objective on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. raised their price objective on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th.

Institutional Investors Weigh In On Victory Capital

A number of large investors have recently modified their holdings of the stock. Covestor Ltd grew its stake in Victory Capital by 3,207.1% during the 4th quarter. Covestor Ltd now owns 463 shares of the company’s stock valued at $30,000 after purchasing an additional 449 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 452 shares in the last quarter. Principal Securities Inc. grew its stake in Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after purchasing an additional 157 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Victory Capital during the 4th quarter valued at approximately $43,000. Finally, Quantbot Technologies LP acquired a new stake in Victory Capital during the 3rd quarter valued at approximately $72,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Stock Performance

NASDAQ VCTR opened at $57.97 on Friday. The business’s 50-day moving average price is $64.15 and its 200 day moving average price is $62.10. Victory Capital has a twelve month low of $39.38 and a twelve month high of $73.42. The company has a market capitalization of $3.69 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90. 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 earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping 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%. On average, research analysts predict that Victory Capital will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.24%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio (DPR) is 43.02%.

Victory Capital Company Profile

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.