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

Key Points

• Victory Capital Holdings has received an average rating of "Moderate Buy" from analysts, with one strong buy, seven buy, and three hold ratings.
• The company reported earnings of $1.57 per share for the last quarter, exceeding estimates, with a significant revenue increase of 59.9% year-over-year.
• Victory Capital declared a quarterly dividend of $0.49 per share, with an annualized yield of 3.0% based on current stock prices.

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $74.00.

VCTR has been the subject of several recent research reports. Bank of America boosted their price target on shares of Victory Capital from $83.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Zacks Research raised shares of Victory Capital from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $76.00 price objective on shares of Victory Capital in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Victory Capital in a research note on Wednesday, October 8th. Finally, Barclays upped their price objective on shares of Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th.

Hedge Funds Weigh In On Victory Capital

Hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC raised its stake in shares of Victory Capital by 2,131.6% during the second quarter. Nisa Investment Advisors LLC now owns 424 shares of the company's stock valued at $27,000 after acquiring an additional 405 shares during the last quarter. Maseco LLP purchased a new position in shares of Victory Capital during the second quarter valued at about $30,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Victory Capital during the first quarter valued at about $41,000. CWM LLC increased its position in shares of Victory Capital by 29.0% during the third quarter. CWM LLC now owns 973 shares of the company's stock valued at $63,000 after buying an additional 219 shares during the period. Finally, AdvisorNet Financial Inc purchased a new position in shares of Victory Capital during the third quarter valued at about $65,000. 87.71% of the stock is owned by institutional investors.

Victory Capital Stock Performance

Victory Capital stock opened at $65.32 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $4.36 billion, a PE ratio of 16.13, a P/E/G ratio of 0.66 and a beta of 1.07. The firm has a fifty day simple moving average of $68.72 and a two-hundred day simple moving average of $64.59. Victory Capital has a twelve month low of $47.00 and a twelve month high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. The business had revenue of $351.21 million during the quarter, compared to the consensus estimate of $348.89 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The firm's revenue for the quarter was up 59.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.31 earnings per share. Research analysts expect that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Wednesday, September 10th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, September 10th. Victory Capital's dividend payout ratio is 48.40%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.