Victory Capital Holdings, Inc. (NASDAQ:VCTR) Increases Dividend to $0.50 Per Share

Victory Capital Holdings, Inc. (NASDAQ:VCTR) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Wednesday, June 10th will be given a dividend of 0.50 per share on Thursday, June 25th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a 2.0% increase from Victory Capital’s previous quarterly dividend of $0.49.

Victory Capital has raised its dividend by an average of 0.5%annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Victory Capital has a payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Victory Capital to earn $7.29 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 26.9%.

Victory Capital Stock Up 4.6%

NASDAQ:VCTR traded up $3.75 during trading hours on Thursday, hitting $86.04. The company’s stock had a trading volume of 30,484 shares, compared to its average volume of 590,775. The stock has a market capitalization of $5.51 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09. The stock has a fifty day moving average of $70.20 and a 200-day moving average of $67.52. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.40. Victory Capital has a 52-week low of $57.03 and a 52-week high of $88.42.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.12. The company had revenue of $374.12 million for the quarter, compared to analyst estimates of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The business’s quarterly revenue was up 61.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 earnings per share. On average, equities analysts forecast that Victory Capital will post 6.73 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. raised their price objective on Victory Capital from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Morgan Stanley set a $76.00 price objective on Victory Capital in a report on Friday, May 1st. Barclays raised their price objective on Victory Capital from $69.00 to $74.00 and gave the stock a “negative” rating in a report on Friday, April 17th. Wall Street Zen downgraded shares of Victory Capital from a “buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Royal Bank Of Canada increased their target price on shares of Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 10th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $78.29.

Victory Capital Company Profile

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.