Victory Capital (NASDAQ:VCTR) Hits New 52-Week High at $42.66

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $42.66 and last traded at $42.48, with a volume of 167311 shares trading hands. The stock had previously closed at $41.93.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VCTR. B. Riley reiterated a "buy" rating and set a $48.00 price objective (up from $40.00) on shares of Victory Capital in a research note on Friday, February 16th. UBS Group increased their price objective on shares of Victory Capital from $33.00 to $36.00 and gave the company a "neutral" rating in a research note on Wednesday, January 10th. Royal Bank of Canada increased their price objective on shares of Victory Capital from $40.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, February 13th. BMO Capital Markets increased their target price on shares of Victory Capital from $47.00 to $51.00 and gave the company an "outperform" rating in a research report on Monday, February 12th. Finally, Morgan Stanley increased their target price on shares of Victory Capital from $28.00 to $30.00 and gave the company an "underweight" rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $41.57.

Victory Capital Trading Up 1.9 %

The stock's fifty day simple moving average is $38.08 and its 200-day simple moving average is $34.49. The firm has a market cap of $2.75 billion, a PE ratio of 13.67, a PEG ratio of 0.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.66.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.02. The business had revenue of $205.80 million during the quarter, compared to analysts' expectations of $204.20 million. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The business's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $1.03 earnings per share. On average, sell-side analysts forecast that Victory Capital Holdings, Inc. will post 5.02 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were issued a $0.335 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.14%. This is a boost from Victory Capital's previous quarterly dividend of $0.32. Victory Capital's dividend payout ratio (DPR) is currently 42.81%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Victory Capital by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company's stock worth $110,627,000 after purchasing an additional 104,746 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Victory Capital by 8.0% during the second quarter. BlackRock Inc. now owns 2,668,250 shares of the company's stock worth $84,157,000 after purchasing an additional 196,857 shares during the last quarter. Van Berkom & Associates Inc. raised its holdings in shares of Victory Capital by 19.2% during the third quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company's stock worth $60,537,000 after purchasing an additional 292,225 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Victory Capital by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company's stock worth $51,297,000 after purchasing an additional 131,540 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of Victory Capital by 22.2% during the third quarter. LSV Asset Management now owns 1,380,922 shares of the company's stock worth $46,040,000 after purchasing an additional 250,600 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.