Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Average Rating of "Moderate Buy" by Analysts

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $71.56.

Several brokerages recently issued reports on VCTR. BMO Capital Markets raised their price objective on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Wall Street Zen cut Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday. UBS Group cut their target price on Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Barclays raised their target price on Victory Capital from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. cut their target price on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th.

Victory Capital Stock Performance

Shares of VCTR opened at $61.37 on Friday. The business's fifty day moving average price is $58.58 and its 200 day moving average price is $62.85. Victory Capital has a 12-month low of $43.82 and a 12-month high of $73.42. The stock has a market capitalization of $3.91 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.02). Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The firm had revenue of $219.60 million for the quarter, compared to the consensus estimate of $226.38 million. During the same quarter last year, the business earned $1.25 earnings per share. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts forecast that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.19%. This is a positive change from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, June 10th. Victory Capital's dividend payout ratio (DPR) is 43.65%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VCTR. Barclays PLC increased its holdings in shares of Victory Capital by 110.6% during the third quarter. Barclays PLC now owns 99,367 shares of the company's stock valued at $5,506,000 after purchasing an additional 52,191 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Victory Capital during the fourth quarter valued at $367,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Victory Capital by 11.7% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,730 shares of the company's stock valued at $310,000 after purchasing an additional 495 shares during the period. Blue Trust Inc. increased its holdings in shares of Victory Capital by 18.0% during the fourth quarter. Blue Trust Inc. now owns 3,664 shares of the company's stock valued at $240,000 after purchasing an additional 559 shares during the period. Finally, Ibex Wealth Advisors increased its holdings in shares of Victory Capital by 50.4% during the fourth quarter. Ibex Wealth Advisors now owns 15,874 shares of the company's stock valued at $1,039,000 after purchasing an additional 5,319 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

About Victory Capital

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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