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

Key Points

• Victory Capital Holdings, Inc. (NASDAQ:VCTR) has received a consensus rating of "Moderate Buy" from analysts, with four holding and five buying recommendations.
• The company recently reported a 59.9% increase in quarterly revenue year-over-year, achieving $351.21 million, alongside an earnings per share of $1.57, exceeding estimates.
• Victory Capital declared a quarterly dividend of $0.49 per share, translating to an annualized yield of 3.0%, with the payout date set for September 25th.

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine brokerages that are covering the company, MarketBeat Ratings 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 analysts that have covered the stock in the last year is $74.1111.

VCTR has been the topic of a number of research reports. Morgan Stanley lifted their target price on shares of Victory Capital from $66.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Barclays lifted their target price 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. The Goldman Sachs Group reaffirmed a "buy" rating and set a $76.00 target price on shares of Victory Capital in a research note on Tuesday. Finally, B. Riley lifted their target price on shares of Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, August 22nd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its position in Victory Capital by 2,131.6% during the 2nd 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 period. Maseco LLP purchased a new position in Victory Capital during the 2nd quarter valued at about $30,000. Versant Capital Management Inc purchased a new position in Victory Capital during the 1st quarter valued at about $34,000. Opal Wealth Advisors LLC purchased a new position in Victory Capital during the 1st quarter valued at about $37,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Victory Capital during the 1st quarter valued at about $41,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Price Performance

Shares of Victory Capital stock opened at $65.82 on Thursday. The company's fifty day simple moving average is $69.77 and its two-hundred day simple moving average is $63.68. The firm has a market cap of $4.40 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.39. Victory Capital has a 12-month low of $47.00 and a 12-month high of $73.42.

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

Victory Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Wednesday, September 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, September 10th. Victory Capital's dividend payout ratio (DPR) 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.