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

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) has earned an average rating of "Moderate Buy" from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $71.56.

A number of research analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Bank of America decreased their target price on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Wall Street Zen lowered shares of Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Barclays increased their price objective 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. reduced their price objective on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th.

Institutional Investors Weigh In On Victory Capital

Institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd lifted its stake in shares of Victory Capital by 3,207.1% in the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after purchasing an additional 449 shares in the last quarter. Versant Capital Management Inc purchased a new position in Victory Capital in the first quarter valued at approximately $34,000. Principal Securities Inc. lifted its position in Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after buying an additional 157 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Victory Capital during the first quarter valued at approximately $37,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Victory Capital during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 87.71% of the company's stock.

Victory Capital Stock Performance

VCTR traded down $0.61 on Friday, hitting $62.28. 182,127 shares of the company traded hands, compared to its average volume of 351,376. Victory Capital has a 12-month low of $43.82 and a 12-month high of $73.42. The company has a 50 day moving average of $58.73 and a 200-day moving average of $62.80. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $4.19 billion, a PE ratio of 14.25, a PEG ratio of 0.55 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.02). The company had revenue of $219.60 million during the quarter, compared to analyst estimates of $226.38 million. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. The company's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.25 EPS. Sell-side analysts anticipate that Victory Capital will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be given a $0.49 dividend. This is a positive change from Victory Capital's previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Tuesday, June 10th. Victory Capital's dividend payout ratio (DPR) is 43.65%.

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.