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

Key Points

• Victory Capital received a “Moderate Buy” consensus rating from nine brokerages: four holds, four buys and one strong buy. Analysts’ average 12-month price target is $98.29, below the stock’s recent $118.24 price.
• The company reported quarterly EPS of $2.21, beating estimates of $1.79, while revenue of $435.36 million also exceeded expectations of $386.09 million.
• Victory Capital declared a quarterly dividend of $0.50 per share, or $2.00 annualized, representing a 1.7% yield; institutional investors own 87.71% of the company.

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $98.2857.

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Victory Capital from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. JPMorgan Chase & Co. upped their price target on shares of Victory Capital from $87.00 to $101.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Royal Bank Of Canada increased their price target on shares of Victory Capital from $107.00 to $118.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Barclays increased their price target on shares of Victory Capital from $95.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $100.00 price objective on shares of Victory Capital in a research note on Friday, August 7th.

Institutional Investors Weigh In On Victory Capital

Institutional investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL raised its holdings in shares of Victory Capital by 1.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 13,294 shares of the company's stock worth $870,000 after purchasing an additional 134 shares during the period. Planned Solutions Inc. grew its holdings in shares of Victory Capital by 4.6% during the 4th quarter. Planned Solutions Inc. now owns 3,546 shares of the company's stock worth $224,000 after purchasing an additional 155 shares during the period. Baird Financial Group Inc. grew its holdings in shares of Victory Capital by 1.6% during the 2nd quarter. Baird Financial Group Inc. now owns 10,332 shares of the company's stock worth $658,000 after purchasing an additional 163 shares during the period. American Century Companies Inc. increased its position in Victory Capital by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 11,892 shares of the company's stock worth $757,000 after purchasing an additional 217 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in Victory Capital by 2.6% during the 4th quarter. ProShare Advisors LLC now owns 8,654 shares of the company's stock worth $546,000 after purchasing an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Victory Capital Stock Performance

Victory Capital stock opened at $118.24 on Friday. The firm has a market capitalization of $7.39 billion, a P/E ratio of 21.74, a PEG ratio of 1.02 and a beta of 1.08. The stock has a fifty day moving average price of $94.76 and a 200 day moving average price of $81.57. Victory Capital has a 52 week low of $57.03 and a 52 week high of $118.81. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.42. The firm had revenue of $435.36 million for the quarter, compared to analyst estimates of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. Equities research analysts anticipate that Victory Capital will post 7.63 earnings per share for the current year.

Victory Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, September 10th. Victory Capital's dividend payout ratio (DPR) is 36.76%.

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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