Victory Capital (NASDAQ:VCTR) Reaches New 52-Week High at $52.78

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $52.78 and last traded at $52.53, with a volume of 60325 shares. The stock had previously closed at $52.16.

Analyst Upgrades and Downgrades

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

Victory Capital Price Performance

The stock has a market cap of $3.35 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 0.47 and a beta of 0.92. 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's fifty day moving average is $43.88 and its 200 day moving average is $37.17.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results on Friday, February 9th. The company reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.02. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The business had revenue of $205.80 million for the quarter, compared to the consensus estimate of $204.20 million. During the same quarter last year, the firm posted $1.03 EPS. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 announced 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 an increase from Victory Capital's previous quarterly dividend of $0.32. This represents a $1.34 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, March 8th. Victory Capital's dividend payout ratio (DPR) is presently 42.81%.

Hedge Funds Weigh In On Victory Capital

A number of institutional investors and hedge funds have recently bought and sold shares of VCTR. Federated Hermes Inc. boosted its stake in shares of Victory Capital by 1.3% in the fourth quarter. Federated Hermes Inc. now owns 28,896 shares of the company's stock valued at $995,000 after purchasing an additional 383 shares during the period. Olympiad Research LP boosted its position in Victory Capital by 6.0% in the 3rd quarter. Olympiad Research LP now owns 6,910 shares of the company's stock valued at $230,000 after buying an additional 394 shares during the last quarter. Amalgamated Bank grew its stake in shares of Victory Capital by 13.5% during the third quarter. Amalgamated Bank now owns 4,063 shares of the company's stock valued at $135,000 after acquiring an additional 482 shares in the last quarter. Blue Trust Inc. increased its position in shares of Victory Capital by 93.5% during the fourth 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, QRG Capital Management Inc. increased its position in shares of Victory Capital by 10.0% during the first quarter. QRG Capital Management Inc. now owns 9,202 shares of the company's stock worth $390,000 after acquiring an additional 839 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.

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