Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) shares saw an uptick in trading volume on Wednesday . 209,405 shares traded hands during mid-day trading, a decline of 41% from the previous session's volume of 356,613 shares.The stock last traded at $44.72 and had previously closed at $44.62.
Wall Street Analyst Weigh In
Several research firms recently commented on VCTR. Royal Bank of Canada boosted their price target on Victory Capital from $40.00 to $43.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 13th. UBS Group raised their price target on shares of Victory Capital from $33.00 to $36.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 10th. BMO Capital Markets raised 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. B. Riley restated a "buy" rating and issued a $48.00 target price (up previously from $40.00) on shares of Victory Capital in a research note on Friday, February 16th. Finally, Morgan Stanley increased their price target on shares of Victory Capital from $28.00 to $30.00 and gave the stock 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 assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $42.14.
Get Our Latest Analysis on VCTR
Victory Capital Stock Performance
The stock's 50-day moving average price is $40.07 and its 200-day moving average price is $35.25. 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 company has a market capitalization of $2.87 billion, a P/E ratio of 14.27, a P/E/G ratio of 0.53 and a beta of 1.00.
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. The company had revenue of $205.80 million during the quarter, compared to the consensus estimate of $204.20 million. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. Victory Capital's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. As a group, equities analysts expect that Victory Capital Holdings, Inc. will post 5.02 EPS for the current 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 paid 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 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Friday, March 8th. Victory Capital's dividend payout ratio is presently 42.81%.
Institutional Trading of Victory Capital
Large investors have recently modified their holdings of the company. Federated Hermes Inc. grew its position in Victory Capital by 1.3% in 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 during the last quarter. Olympiad Research LP increased 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 acquiring an additional 394 shares during the period. State of Wyoming increased its position in Victory Capital by 7.6% in the 4th quarter. State of Wyoming now owns 5,729 shares of the company's stock valued at $154,000 after acquiring an additional 405 shares during the period. SMH Capital Advisors Inc. raised its stake in Victory Capital by 4.4% during the 4th quarter. SMH Capital Advisors Inc. now owns 10,088 shares of the company's stock valued at $271,000 after acquiring an additional 423 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Victory Capital by 3.9% during the 1st quarter. Sei Investments Co. now owns 11,801 shares of the company's stock worth $345,000 after acquiring an additional 446 shares during the period. Institutional investors and hedge funds own 87.71% of the company's stock.
About Victory Capital
(
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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