Victory Capital Holdings, Inc. (NASDAQ:VCTR) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analysts rate Victory Capital “Hold” on average: Five of seven analysts recommend holding the stock, while two recommend buying it. The average 12-month price target is $113.33, near the reported opening price of $113.23.
• Quarterly results exceeded expectations: Victory Capital reported $2.21 in earnings per share versus the $1.79 consensus estimate, while revenue reached $435.36 million compared with expectations of $386.09 million.
• The company pays a quarterly dividend of $0.50: The annualized dividend is $2.00 per share, representing a 1.8% yield and a 36.76% payout ratio. Institutional investors and hedge funds own 87.71% of the stock.

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) have been given an average recommendation of "Hold" by the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $113.33.

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised their target price on Victory Capital from $100.00 to $117.00 and gave the company a "neutral" rating in a report on Thursday, August 27th. Barclays upped their price objective on Victory Capital from $95.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Royal Bank Of Canada raised their price objective on Victory Capital from $107.00 to $118.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Morgan Stanley lifted their price target on shares of Victory Capital from $91.00 to $115.00 and gave the company an "equal weight" rating in a report on Friday, September 25th. Finally, Weiss Ratings upgraded shares of Victory Capital from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday, September 9th.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $113.23 on Monday. The firm has a market cap of $6.96 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Victory Capital has a 1-year low of $57.03 and a 1-year high of $123.55. The business's 50 day moving average is $110.30 and its 200-day moving average is $91.63.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $0.42. The company had revenue of $435.36 million during the quarter, compared to analysts' expectations of $386.09 million. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. Equities research analysts predict that Victory Capital will post 7.79 earnings per share for the current year.

Victory Capital Announces Dividend

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

Institutional Investors Weigh In On Victory Capital

Hedge funds have recently modified their holdings of the company. Tidal Investments LLC acquired a new position in shares of Victory Capital in the second quarter valued at approximately $459,000. RFG Advisory LLC acquired a new position in Victory Capital in the 2nd quarter valued at approximately $1,197,000. Paragon Capital Management Ltd acquired a new position in Victory Capital in the 2nd quarter valued at approximately $246,000. Nykredit A S bought a new position in shares of Victory Capital during the second quarter valued at $26,000. Finally, Corient Private Wealth LP bought a new position in Victory Capital during the 2nd quarter worth $322,000. Institutional investors and hedge funds own 87.71% of the company's stock.

About Victory Capital

Victory Capital Holdings, Inc is an investment management company headquartered in San Antonio, Texas. Through its investment management businesses and affiliated brands, the company provides a range of actively managed and rules-based investment strategies for individual investors, financial intermediaries, retirement plans, institutions and other organizations.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment mandates.

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