Victory Capital Holdings Inc (NASDAQ:VCTR) Receives $19.25 Consensus PT from Brokerages

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Victory Capital Holdings Inc (NASDAQ:VCTR) has received an average rating of “Buy” from the eleven analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $19.25.

Several equities research analysts have commented on the stock. Royal Bank of Canada increased their price objective on shares of Victory Capital to $19.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Oppenheimer assumed coverage on shares of Victory Capital in a research report on Tuesday, June 11th. They set a “market perform” rating for the company. Zacks Investment Research raised shares of Victory Capital from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Wednesday, August 7th. ValuEngine downgraded shares of Victory Capital from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Goldman Sachs Group reissued a “buy” rating and set a $24.00 target price on shares of Victory Capital in a research report on Tuesday, July 23rd.

NASDAQ:VCTR opened at $15.98 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.25 and a current ratio of 2.25. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 10.95 and a beta of 1.60. Victory Capital has a 52 week low of $7.27 and a 52 week high of $19.96. The company has a 50-day moving average price of $17.98.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.35 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $91.36 million during the quarter, compared to analyst estimates of $93.76 million. Victory Capital had a net margin of 16.56% and a return on equity of 22.53%. Analysts expect that Victory Capital will post 2.35 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, September 9th.

Several institutional investors have recently added to or reduced their stakes in VCTR. Penserra Capital Management LLC bought a new position in shares of Victory Capital during the 1st quarter valued at approximately $33,000. Tower Research Capital LLC TRC bought a new position in Victory Capital in the 2nd quarter worth approximately $33,000. Globeflex Capital L P bought a new position in Victory Capital in the 1st quarter worth approximately $90,000. O Shaughnessy Asset Management LLC bought a new position in Victory Capital in the 1st quarter worth approximately $139,000. Finally, Nordea Investment Management AB bought a new position in Victory Capital in the 4th quarter worth approximately $189,000. 14.69% of the stock is owned by hedge funds and other institutional investors.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.

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Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

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