Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Average Rating of “Moderate Buy” from Brokerages

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $105.7143.

Several research firms recently issued reports on VCTR. Morgan Stanley set a $91.00 price objective on Victory Capital in a research note on Wednesday, July 29th. UBS Group set a $117.00 price objective on shares of Victory Capital in a report on Friday, August 28th. Royal Bank Of Canada increased their target price on Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Barclays raised their price target on Victory Capital from $95.00 to $112.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised Victory Capital from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, September 9th.

Victory Capital Price Performance

NASDAQ VCTR opened at $109.08 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The company has a market cap of $6.71 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 0.92 and a beta of 1.09. Victory Capital has a 52 week low of $57.03 and a 52 week high of $123.55. The firm’s 50-day simple moving average is $106.77 and its two-hundred day simple moving average is $87.83.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.42. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. The firm had revenue of $435.36 million during the quarter, compared to the consensus estimate of $386.09 million. Research analysts predict that Victory Capital will post 7.62 earnings per share for the current year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, September 10th. Victory Capital’s dividend payout ratio (DPR) is currently 36.76%.

Institutional Trading of Victory Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nykredit A S purchased a new position in shares of Victory Capital in the second quarter worth about $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in Victory Capital by 19,350.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after acquiring an additional 387 shares during the period. Core Wealth Advisors LLC purchased a new stake in Victory Capital during the 4th quarter valued at about $30,000. Public Employees Retirement System of Ohio bought a new position in Victory Capital during the 2nd quarter worth approximately $44,000. Finally, Covestor Ltd grew its position in Victory Capital by 99.7% during the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after acquiring an additional 334 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

About Victory Capital

Victory Capital Inc (NASDAQ:VCTR) is a global investment management company that provides a broad range of investment solutions to individual, institutional, intermediary and retirement investors. The company manages assets through a multiboutique structure designed to preserve the distinct investment approaches of its affiliated investment teams.

Its offerings include actively managed mutual funds, exchange-traded funds, separately managed accounts, institutional strategies, retirement-plan solutions and other portfolio management services.