Victory Capital (NASDAQ:VCTR) Sees Unusually-High Trading Volume

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 234,335 shares changed hands during trading, a decline of 39% from the previous session's volume of 384,255 shares.The stock last traded at $49.66 and had previously closed at $50.64.

Analyst Ratings Changes

VCTR has been the subject of several recent analyst reports. Royal Bank of Canada increased their target price on Victory Capital from $40.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, February 13th. Morgan Stanley increased 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 target price on Victory Capital from $53.00 to $55.00 and gave the company an "outperform" rating in a research note on Wednesday, April 17th. B. Riley increased their target price on Victory Capital from $48.00 to $57.00 and gave the company a "buy" rating in a research note on Friday, April 19th. Finally, UBS Group increased their target price on Victory Capital from $37.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $45.43.

Victory Capital Price Performance

The stock has a 50-day simple moving average of $41.05 and a 200 day simple moving average of $35.72. 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 company has a market cap of $3.22 billion, a P/E ratio of 15.97, a P/E/G ratio of 0.44 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 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.02. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The company had revenue of $205.80 million during the quarter, compared to the consensus estimate of $204.20 million. During the same quarter last year, the company earned $1.03 EPS. The company's quarterly revenue was down 1.9% on a year-over-year basis. On average, equities analysts expect that Victory Capital Holdings, Inc. will post 5.14 EPS for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a $0.335 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from Victory Capital's previous quarterly dividend of $0.32. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.68%. Victory Capital's dividend payout ratio is presently 42.81%.

Hedge Funds Weigh In On Victory Capital

A number of hedge funds have recently modified their holdings of the stock. Wesbanco Bank Inc. acquired a new position in shares of Victory Capital in the 1st quarter worth approximately $1,229,000. Legacy Wealth Asset Management LLC raised its holdings in shares of Victory Capital by 48.1% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 24,306 shares of the company's stock worth $1,031,000 after buying an additional 7,891 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Victory Capital by 88.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 20,105 shares of the company's stock valued at $853,000 after purchasing an additional 9,450 shares in the last quarter. Diversified Trust Co increased its holdings in Victory Capital by 13.6% during the 1st quarter. Diversified Trust Co now owns 14,160 shares of the company's stock valued at $601,000 after purchasing an additional 1,695 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Victory Capital during the 1st quarter valued at $298,000. 87.71% of the stock is owned by institutional investors and hedge funds.

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.