Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $44.44 and last traded at $44.35, with a volume of 855215 shares. The stock had previously closed at $42.58.
Analysts Set New Price Targets
VCTR has been the topic of several analyst reports. UBS Group boosted their target price on Victory Capital from $33.00 to $36.00 and gave the company a "neutral" rating in a research report on Wednesday, January 10th. Royal Bank of Canada boosted their target price on Victory Capital from $40.00 to $43.00 and gave the company an "outperform" rating in a research report on Tuesday, February 13th. BMO Capital Markets upped their price objective on Victory Capital from $47.00 to $51.00 and gave the company an "outperform" rating in a research report on Monday, February 12th. B. Riley reaffirmed a "buy" rating and issued a $48.00 price objective (up previously from $40.00) on shares of Victory Capital in a research report on Friday, February 16th. Finally, Morgan Stanley upped their price objective on Victory Capital from $28.00 to $30.00 and gave the company an "underweight" rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $41.57.
View Our Latest Research Report on Victory Capital
Victory Capital Stock Performance
The business has a 50 day simple moving average of $39.87 and a 200 day simple moving average of $35.18. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $2.87 billion, a PE ratio of 14.26, a PEG ratio of 0.54 and a beta of 1.00.
Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.02. The business had revenue of $205.80 million for the quarter, compared to analyst estimates of $204.20 million. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The company's revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. Equities research analysts predict that Victory Capital Holdings, Inc. will post 5.02 EPS for the current fiscal year.
Victory Capital Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were issued a $0.335 dividend. This is a positive change from Victory Capital's previous quarterly dividend of $0.32. This represents a $1.34 annualized dividend and a yield of 3.00%. The ex-dividend date was Friday, March 8th. Victory Capital's dividend payout ratio (DPR) is presently 42.81%.
Hedge Funds Weigh In On Victory Capital
Several hedge funds and other institutional investors have recently made changes to their positions in VCTR. West Tower Group LLC purchased a new stake in Victory Capital in the fourth quarter valued at $27,000. Tower Research Capital LLC TRC raised its position in Victory Capital by 135.3% in the second 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 period. Blue Trust Inc. raised its position in Victory Capital by 93.5% in the fourth 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 period. Citigroup Inc. raised its position in Victory Capital by 87.7% in the fourth 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 period. Finally, Bamco Inc. NY purchased a new stake in Victory Capital in the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 87.71% of the company's stock.
Victory Capital Company Profile
(
Get Free Report)
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.
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