Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts have a “Moderate Buy” consensus on Victory Capital, with three buy ratings, one strong-buy rating and four holds. The average 12-month price target is $105.71.
• Victory Capital reported quarterly earnings of $2.21 per share, exceeding the $1.79 consensus estimate, while revenue of $435.36 million also topped expectations.
• The company declared a quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a 1.8% yield; institutional investors own 87.71% of the stock.

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong 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 $105.7143.

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $87.00 to $101.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Zacks Research upgraded shares of Victory Capital from a "hold" rating to a "strong-buy" rating in a report on Friday, July 10th. UBS Group set a $117.00 target price on Victory Capital in a report on Friday, August 28th. The Goldman Sachs Group upped their target price on Victory Capital from $100.00 to $117.00 and gave the stock a "neutral" rating in a research report on Thursday, August 27th. Finally, Weiss Ratings lowered Victory Capital from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, August 25th.

Victory Capital Trading Down 1.3%

NASDAQ VCTR opened at $111.86 on Thursday. The company's 50 day moving average price is $105.49 and its 200 day moving average price is $87.10. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 0.95 and a beta of 1.09. Victory Capital has a one year low of $57.03 and a one year high of $123.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.42. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. The company had revenue of $435.36 million during the quarter, compared to analysts' expectations of $386.09 million. On average, sell-side analysts predict that Victory Capital will post 7.62 EPS for the current year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. Victory Capital's dividend payout ratio is 36.76%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VCTR. California State Teachers Retirement System raised its position in Victory Capital by 7,403.2% in the second quarter. California State Teachers Retirement System now owns 3,954,098 shares of the company's stock worth $332,381,000 after acquiring an additional 3,901,399 shares in the last quarter. Capital World Investors boosted its holdings in Victory Capital by 4.3% during the fourth quarter. Capital World Investors now owns 3,768,001 shares of the company's stock worth $237,723,000 after buying an additional 155,732 shares in the last quarter. Amundi bought a new stake in Victory Capital during the fourth quarter worth approximately $192,735,000. State Street Corp grew its position in Victory Capital by 0.5% in the fourth quarter. State Street Corp now owns 1,857,636 shares of the company's stock worth $117,198,000 after buying an additional 8,322 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Victory Capital by 14.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company's stock worth $114,163,000 after buying an additional 221,471 shares during the last quarter. Institutional investors own 87.71% of the company's stock.

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.

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