Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Consensus Recommendation of "Hold" from Brokerages

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nine research firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $69.33.

VCTR has been the subject of a number of research reports. UBS Group dropped their price target on Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research note on Thursday. B. Riley reissued a "neutral" rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. BMO Capital Markets upped their price objective on Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. cut their target price on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Bank of America reduced their target price on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd.

Victory Capital Price Performance

NASDAQ:VCTR traded up $1.81 during trading hours on Monday, hitting $59.22. The company's stock had a trading volume of 29,456 shares, compared to its average volume of 359,809. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $3.77 billion, a P/E ratio of 13.52, a PEG ratio of 0.55 and a beta of 0.86. Victory Capital has a twelve month low of $43.82 and a twelve month high of $73.42. The stock has a fifty day simple moving average of $57.97 and a 200-day simple moving average of $62.69.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. On average, analysts anticipate that Victory Capital will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.17%. This is an increase from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's payout ratio is 43.02%.

Institutional Investors Weigh In On Victory Capital

Large investors have recently modified their holdings of the company. Franklin Resources Inc. raised its position in shares of Victory Capital by 113.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock worth $115,990,000 after acquiring an additional 1,051,459 shares in the last quarter. Bank of America Corp DE grew its stake in Victory Capital by 46.8% during the fourth quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock worth $94,159,000 after purchasing an additional 458,534 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Victory Capital in the fourth quarter worth approximately $17,755,000. Annex Advisory Services LLC lifted its stake in Victory Capital by 127.7% in the first quarter. Annex Advisory Services LLC now owns 395,252 shares of the company's stock valued at $22,873,000 after buying an additional 221,690 shares during the period. Finally, TimesSquare Capital Management LLC boosted its holdings in shares of Victory Capital by 20.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company's stock worth $63,899,000 after buying an additional 166,265 shares in 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.