Victory Capital (NASDAQ:VCTR) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• Victory Capital shares rose above their 50-day moving average, reaching $113.00 before closing at $111.87, up 1.1%. The stock’s 50-day average was $111.01, while its 200-day average stood at $88.67.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with an average price target of $118.67. Recent target increases included RBC to $118, Barclays to $121, and JPMorgan to $120, while Zacks downgraded the stock to “Hold.”
• Victory Capital exceeded quarterly expectations, reporting $2.21 in EPS versus the $1.79 consensus and revenue of $435.36 million versus $386.09 million expected. The company also pays a $0.50 quarterly dividend, equivalent to a 1.8% annual yield.

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $111.01 and traded as high as $113.00. Victory Capital shares last traded at $111.87, with a volume of 374,861 shares.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Royal Bank Of Canada raised their target price on Victory Capital from $107.00 to $118.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Weiss Ratings raised Victory Capital from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, October 8th. Barclays upped their price target on Victory Capital from $112.00 to $121.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 14th. Zacks Research lowered Victory Capital from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. Finally, JPMorgan Chase & Co. increased their price target on Victory Capital from $101.00 to $120.00 and gave the company a "neutral" rating in a research note on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $118.67.

Victory Capital Trading Up 1.1%

The stock has a market cap of $6.88 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 0.50 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The firm's fifty day simple moving average is $111.01 and its 200-day simple moving average is $88.67.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.42. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. The company had revenue of $435.36 million for the quarter, compared to analyst estimates of $386.09 million. Equities research analysts expect that Victory Capital Holdings, Inc. will post 7.76 EPS for the current fiscal year.

Victory Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Thursday, September 10th were issued a $0.50 dividend. The ex-dividend date was Thursday, September 10th. This represents a $2.00 annualized dividend and a yield of 1.8%. Victory Capital's payout ratio is presently 36.76%.

Institutional Trading of Victory Capital

Institutional investors have recently bought and sold shares of the company. Nykredit A S acquired a new position in shares of Victory Capital during the 2nd quarter valued at $26,000. Root Financial Partners LLC bought a new position in Victory Capital during the third quarter worth $34,000. Public Employees Retirement System of Ohio bought a new position in Victory Capital during the second quarter worth $44,000. Cassaday & Co Wealth Management LLC bought a new position in Victory Capital during the first quarter worth $46,000. Finally, USA Financial Formulas acquired a new stake in Victory Capital in the third quarter worth $74,000. Institutional investors own 87.71% of the company's stock.

Victory Capital Company Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.

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