Victory Capital (NASDAQ:VCTR) Sets New 1-Year High - Here's What Happened

Key Points

• Victory Capital shares reached a new 52-week high, trading as high as $119.73 and significantly above the $101 average analyst price target. MarketBeat rates the stock a “Moderate Buy,” though several analysts maintain neutral ratings.
• The company reported strong quarterly results, with EPS of $2.21 versus the $1.79 consensus estimate and revenue of $435.36 million, exceeding expectations of $386.09 million.
• Victory Capital declared a quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a 1.6% yield. Institutional investors own approximately 87.71% of the company’s stock.

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 $119.73 and last traded at $119.7410, with a volume of 336827 shares changing hands. The stock had previously closed at $115.34.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VCTR. Wall Street Zen upgraded Victory Capital from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. Weiss Ratings upgraded Victory Capital from a "buy (b)" rating to a "buy (b+)" rating in a research report on Tuesday, August 11th. Morgan Stanley set a $91.00 price target on shares of Victory Capital in a report on Wednesday, July 29th. The Goldman Sachs Group reissued a "neutral" rating and set a $100.00 price target on shares of Victory Capital in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Victory Capital from $87.00 to $101.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $101.00.

Victory Capital Price Performance

The stock has a 50 day simple moving average of $98.83 and a two-hundred day simple moving average of $83.94. The firm has a market cap of $7.54 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 0.97 and a beta of 1.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.42. The firm had revenue of $435.36 million for the quarter, compared to the consensus estimate of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. Sell-side analysts expect that Victory Capital Holdings, Inc. will post 7.63 earnings per share for the current year.

Victory Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. Victory Capital's payout ratio is presently 36.76%.

Institutional Investors Weigh In On Victory Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Victory Capital by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company's stock valued at $303,769,000 after acquiring an additional 73,142 shares during the period. Bank of America Corp DE lifted its holdings in Victory Capital by 12.4% during the first quarter. Bank of America Corp DE now owns 1,007,405 shares of the company's stock valued at $65,965,000 after purchasing an additional 111,063 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Victory Capital by 531.7% during the first quarter. Quantinno Capital Management LP now owns 51,365 shares of the company's stock valued at $3,363,000 after purchasing an additional 43,234 shares in the last quarter. Royal Bank of Canada grew its position in shares of Victory Capital by 26.8% in the first quarter. Royal Bank of Canada now owns 182,050 shares of the company's stock valued at $11,920,000 after purchasing an additional 38,511 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Victory Capital by 203.5% during the first quarter. Janus Henderson Group PLC now owns 58,127 shares of the company's stock worth $3,805,000 after purchasing an additional 38,977 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

About Victory Capital

Victory Capital NASDAQ: VCTR is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.

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