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

Key Points

• Wall Street analysts rate Victory Capital “Hold” on average: Five of seven analysts recommend holding the stock, while one recommends buying and one gives a strong-buy rating. The average 12-month price target is $118.67.
• Victory Capital reported quarterly EPS of $2.21, beating the $1.79 consensus estimate, while revenue of $435.36 million exceeded expectations of $386.09 million.
• Institutional investors own 87.71% of the company, and Victory Capital pays a quarterly dividend of $0.50 per share, equivalent to a 1.8% yield.

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) has earned an average rating of "Hold" from the seven brokerages that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $118.67.

Several research analysts have recently commented on the company. Zacks Research downgraded Victory Capital from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Weiss Ratings upgraded Victory Capital from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, October 8th. UBS Group set a $117.00 price target on Victory Capital in a research report on Friday, August 28th. JPMorgan Chase & Co. lifted their price target on Victory Capital from $101.00 to $120.00 and gave the stock a "neutral" rating in a research note on Friday, October 16th. Finally, The Goldman Sachs Group boosted their price objective on Victory Capital from $100.00 to $117.00 and gave the company a "neutral" rating in a research report on Thursday, August 27th.

Institutional Trading of Victory Capital

Several large investors have recently modified their holdings of VCTR. Gamco Investors INC. ET AL increased its holdings in shares of Victory Capital by 1.0% during the first quarter. Gamco Investors INC. ET AL now owns 13,294 shares of the company's stock valued at $870,000 after acquiring an additional 134 shares in the last quarter. GAMMA Investing LLC boosted its stake in Victory Capital by 17.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,227 shares of the company's stock worth $136,000 after purchasing an additional 178 shares in the last quarter. Root Financial Partners LLC bought a new position in Victory Capital in the 3rd quarter worth about $34,000. Nykredit A S bought a new position in Victory Capital in the 2nd quarter worth about $26,000. Finally, Sterling Capital Management LLC grew its position in Victory Capital by 58.4% during the 3rd quarter. Sterling Capital Management LLC now owns 1,025 shares of the company's stock valued at $113,000 after purchasing an additional 378 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Stock Performance

Shares of NASDAQ VCTR opened at $113.81 on Friday. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 0.52 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 stock's 50-day moving average is $110.97 and its 200 day moving average is $88.89.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings data 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%. On average, sell-side analysts anticipate that Victory Capital will post 7.76 EPS for the current fiscal year.

Victory Capital Dividend Announcement

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

Victory Capital Company Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

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

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