Victory Capital Holdings, Inc. (NASDAQ:VCTR) to Issue Quarterly Dividend of $0.50

Victory Capital Holdings, Inc. (NASDAQ:VCTR) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, September 10th will be given a dividend of 0.50 per share on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, September 10th.

Victory Capital has increased its dividend by an average of 0.5%per year over the last three years and has increased its dividend every year for the last 6 years. Victory Capital has a dividend payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Victory Capital to earn $8.01 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 25.0%.

Victory Capital Stock Performance

Shares of Victory Capital stock opened at $99.97 on Thursday. The business has a 50-day moving average price of $90.92 and a two-hundred day moving average price of $79.45. Victory Capital has a 1-year low of $57.03 and a 1-year high of $105.54. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. The company has a market cap of $6.25 billion, a P/E ratio of 22.52, a PEG ratio of 1.20 and a beta of 1.08.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.63 by $0.19. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The company had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. During the same quarter in the prior year, the company earned $1.36 EPS. The firm’s revenue for the quarter was up 76.7% compared to the same quarter last year. As a group, analysts anticipate that Victory Capital will post 7.38 EPS for the current year.

Wall Street Analysts Forecast Growth

VCTR has been the topic of several research reports. Barclays upped their price objective on shares of Victory Capital from $85.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research note on Friday, July 17th. Zacks Research raised Victory Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Royal Bank Of Canada boosted their price objective on Victory Capital from $95.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group initiated coverage on Victory Capital in a research report on Tuesday, June 2nd. They set a “neutral” rating and a $90.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

About Victory Capital

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.