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

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine analysts that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $71.56.

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced 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, April 29th. Royal Bank Of Canada boosted their price objective on shares of Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Wall Street Zen downgraded shares of Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays lifted their target price on shares of Victory Capital from $59.00 to $62.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Finally, UBS Group cut their price target on Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st.

Victory Capital Trading Down 0.4%

Shares of NASDAQ:VCTR traded down $0.27 during midday trading on Tuesday, hitting $62.40. 403,466 shares of the stock traded hands, compared to its average volume of 346,099. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. Victory Capital has a one year low of $43.82 and a one year high of $73.42. The stock has a market capitalization of $4.20 billion, a PE ratio of 13.91, a P/E/G ratio of 0.51 and a beta of 1.04. The business's 50 day moving average is $60.55 and its two-hundred day moving average is $62.23.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.02). Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. The firm had revenue of $219.60 million during the quarter, compared to the consensus estimate of $226.38 million. During the same period in the prior year, the company posted $1.25 EPS. The firm's revenue was up 1.7% on a year-over-year basis. As a group, research analysts forecast that Victory Capital will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.96 annualized dividend and a dividend yield of 3.14%. This is an increase from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's dividend payout ratio (DPR) is 43.65%.

Hedge Funds Weigh In On Victory Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd raised its stake in shares of Victory Capital by 3,207.1% in the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after purchasing an additional 449 shares during the last quarter. Versant Capital Management Inc bought a new stake in Victory Capital in the 1st quarter worth about $34,000. Opal Wealth Advisors LLC purchased a new position in Victory Capital in the 1st quarter worth about $37,000. Principal Securities Inc. raised its position in Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after buying an additional 157 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Victory Capital during the 1st quarter valued at about $41,000. 87.71% of the stock is owned by institutional investors.

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.