Analysts Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) Price Target at $73.22

Key Points

• Victory Capital Holdings, Inc. (NASDAQ:VCTR) has received a consensus rating of "Moderate Buy" from nine brokerages, with four analysts recommending a hold and five issued buy ratings.
• The company recently reported earnings of $1.57 per share for the quarter, surpassing expectations, and has announced a quarterly dividend of $0.49 to be paid on September 25th.
• Victory Capital's 12-month stock price has varied between a low of $47.00 and a high of $73.42, with a market capitalization of $4.76 billion.

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine ratings firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $73.2222.

A number of analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Barclays boosted their target price on shares of Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Wall Street Zen downgraded shares of Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Morgan Stanley boosted their target price on shares of Victory Capital from $66.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Finally, B. Riley lifted their target price on shares of Victory Capital from $74.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd.

Victory Capital Stock Down 1.0%

VCTR traded down $0.73 during trading hours on Friday, reaching $70.30. 171,341 shares of the stock traded hands, compared to its average volume of 433,024. The firm's fifty day simple moving average is $68.43 and its two-hundred day simple moving average is $63.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.37. Victory Capital has a fifty-two week low of $47.00 and a fifty-two week high of $73.42. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 0.76 and a beta of 1.10.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The company had revenue of $351.21 million for the quarter, compared to the consensus estimate of $348.89 million. During the same period last year, the firm posted $1.31 EPS. The company's revenue for the quarter was up 59.9% on a year-over-year basis. As a group, analysts forecast that Victory Capital will post 6.16 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 10th. Victory Capital's payout ratio is currently 48.40%.

Institutional Trading of Victory Capital

A number of institutional investors and hedge funds have recently modified their holdings of VCTR. Amundi acquired a new stake in shares of Victory Capital in the second quarter worth $213,219,000. Nuveen LLC acquired a new position in Victory Capital during the 1st quarter valued at $27,274,000. Bank of America Corp DE raised its stake in Victory Capital by 46.8% during the 4th quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock valued at $94,159,000 after purchasing an additional 458,534 shares during the last quarter. Geode Capital Management LLC raised its stake in Victory Capital by 26.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,359,120 shares of the company's stock valued at $86,545,000 after purchasing an additional 285,137 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in Victory Capital by 17.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,825,998 shares of the company's stock valued at $105,671,000 after purchasing an additional 268,573 shares during the last quarter. 87.71% of the stock is currently 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.