Victory Capital (NASDAQ:VCTR) Reaches New 12-Month High at $44.14

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $44.14 and last traded at $43.75, with a volume of 11079 shares traded. The stock had previously closed at $43.83.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on VCTR shares. B. Riley reaffirmed a "buy" rating and set a $48.00 price target (up previously from $40.00) on shares of Victory Capital in a research report on Friday, February 16th. BMO Capital Markets increased their price target on shares of Victory Capital from $47.00 to $51.00 and gave the stock an "outperform" rating in a research report on Monday, February 12th. UBS Group raised their target price on shares of Victory Capital from $33.00 to $36.00 and gave the stock a "neutral" rating in a report on Wednesday, January 10th. Morgan Stanley raised their target price on shares of Victory Capital from $28.00 to $30.00 and gave the stock an "underweight" rating in a report on Monday, February 12th. Finally, Royal Bank of Canada raised their target price on shares of Victory Capital from $40.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $41.57.

Victory Capital Stock Down 0.1 %

The business's 50 day moving average is $38.77 and its 200 day moving average is $34.76. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 0.53 and a beta of 1.00.

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

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a dividend of $0.335 per share. The ex-dividend date was Friday, March 8th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.06%. This is a positive change from Victory Capital's previous quarterly dividend of $0.32. Victory Capital's dividend payout ratio (DPR) is 42.81%.

Institutional Investors Weigh In On Victory Capital

Institutional investors have recently modified their holdings of the stock. West Tower Group LLC acquired a new stake in shares of Victory Capital in the 4th quarter valued at $27,000. Tower Research Capital LLC TRC lifted its stake in shares of Victory Capital by 135.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 873 shares of the company's stock valued at $28,000 after purchasing an additional 502 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Victory Capital by 93.5% in the 4th quarter. Blue Trust Inc. now owns 1,246 shares of the company's stock valued at $41,000 after purchasing an additional 602 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Victory Capital by 87.7% in the 4th quarter. Citigroup Inc. now owns 1,265 shares of the company's stock valued at $34,000 after purchasing an additional 591 shares during the last quarter. Finally, Bamco Inc. NY acquired a new stake in shares of Victory Capital in the 4th quarter valued at $49,000. Institutional investors and hedge funds 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.