Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Victory Capital has a consensus analyst rating of “Moderate Buy” from 10 firms (five Hold, five Buy) with an average 12‑month price target of $75.38.
• In its most recent quarter the company reported EPS of $1.78 (vs. $1.66 est.) and revenue of $374.12M, a 61% year‑over‑year increase, with strong profitability (ROE 21.86%, net margin 25.27%).
• Victory Capital pays a quarterly dividend of $0.49 (annualized $1.96) for a yield of 2.9%, trades with a market cap of $4.34B and a trailing P/E of 16.66, and is ~87.7% institutionally owned.

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the ten research firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $75.3750.

VCTR has been the subject of a number of research analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of Victory Capital in a report on Wednesday, January 21st. Royal Bank Of Canada increased their price objective on Victory Capital from $78.00 to $84.00 and gave the stock an "outperform" rating in a report on Tuesday, February 10th. Barclays set a $69.00 target price on shares of Victory Capital in a research report on Friday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $70.00 to $71.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 20th. Finally, Wall Street Zen downgraded Victory Capital from a "buy" rating to a "hold" rating in a research report on Monday, April 6th.

Institutional Investors Weigh In On Victory Capital

Hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd lifted its stake in shares of Victory Capital by 19,350.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company's stock valued at $25,000 after buying an additional 387 shares during the period. Core Wealth Advisors LLC bought a new stake in shares of Victory Capital in the fourth quarter valued at about $30,000. Covestor Ltd lifted its stake in shares of Victory Capital by 99.7% in the fourth quarter. Covestor Ltd now owns 669 shares of the company's stock valued at $42,000 after buying an additional 334 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Victory Capital by 48.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company's stock valued at $48,000 after buying an additional 246 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Victory Capital by 146.4% in the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company's stock valued at $54,000 after buying an additional 511 shares during the period. Institutional investors own 87.71% of the company's stock.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $67.79 on Monday. Victory Capital has a one year low of $52.65 and a one year high of $77.78. The stock has a fifty day moving average of $69.76 and a 200-day moving average of $66.49. The company has a market capitalization of $4.34 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 0.99 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.47 and a current ratio of 1.47.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.12. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The company had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. During the same quarter in the prior year, the firm earned $1.45 EPS. The company's quarterly revenue was up 61.0% compared to the same quarter last year. As a group, equities analysts anticipate that Victory Capital will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, March 10th. Victory Capital's dividend payout ratio (DPR) is presently 48.16%.

About Victory Capital

Victory Capital NASDAQ: VCTR is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.

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