Victory Capital (NASDAQ:VCTR) Hits New 12-Month High at $51.80

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $51.80 and last traded at $51.80, with a volume of 703 shares trading hands. The stock had previously closed at $51.58.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Victory Capital from $40.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, February 13th. B. Riley upped their price objective on Victory Capital from $48.00 to $57.00 and gave the company a "buy" rating in a research note on Friday, April 19th. Morgan Stanley upped their price target on Victory Capital from $30.00 to $32.00 and gave the company an "underweight" rating in a research report on Wednesday, April 17th. UBS Group upped their price target on Victory Capital from $37.00 to $48.00 and gave the company a "neutral" rating in a research report on Monday, April 22nd. Finally, BMO Capital Markets upped their price target on Victory Capital from $53.00 to $55.00 and gave the company an "outperform" rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $46.67.

Victory Capital Price Performance

The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $41.91 and a 200 day moving average price of $36.11. The stock has a market cap of $3.30 billion, a PE ratio of 16.55, a PEG ratio of 0.46 and a beta of 1.00.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $204.20 million. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The firm's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 EPS. As a group, research analysts forecast that Victory Capital Holdings, Inc. will post 5.14 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a dividend of $0.335 per share. This is a boost from Victory Capital's previous quarterly dividend of $0.32. The ex-dividend date was Friday, March 8th. This represents a $1.34 dividend on an annualized basis and a yield of 2.61%. Victory Capital's dividend payout ratio is 42.81%.

Institutional Trading of Victory Capital

A number of institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. lifted its holdings in Victory Capital by 1.3% during the 4th quarter. Federated Hermes Inc. now owns 28,896 shares of the company's stock worth $995,000 after purchasing an additional 383 shares in the last quarter. Olympiad Research LP lifted its holdings in Victory Capital by 6.0% during the 3rd quarter. Olympiad Research LP now owns 6,910 shares of the company's stock worth $230,000 after purchasing an additional 394 shares in the last quarter. Amalgamated Bank lifted its holdings in Victory Capital by 13.5% during the 3rd quarter. Amalgamated Bank now owns 4,063 shares of the company's stock worth $135,000 after purchasing an additional 482 shares in the last quarter. Blue Trust Inc. increased its stake in Victory Capital by 93.5% in the 4th quarter. Blue Trust Inc. now owns 1,246 shares of the company's stock worth $41,000 after acquiring an additional 602 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Victory Capital by 9.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,733 shares of the company's stock worth $324,000 after acquiring an additional 844 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.