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

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $71.56.

Several equities research analysts recently weighed in on VCTR shares. JPMorgan Chase & Co. cut their price objective on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. B. Riley boosted their target price on shares of Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. UBS Group reduced their price target on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada increased their price target on shares of Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen lowered shares of Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

Victory Capital Trading Up 1.2%

Shares of VCTR stock opened at $62.36 on Tuesday. The stock has a market cap of $4.19 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04. Victory Capital has a 1 year low of $43.82 and a 1 year high of $73.42. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock has a 50 day simple moving average of $60.21 and a 200 day simple moving average of $62.28.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.02). The company had revenue of $219.60 million during the quarter, compared to analyst estimates of $226.38 million. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. Victory Capital's revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 earnings per share. On average, research analysts predict that Victory Capital will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

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

Hedge Funds Weigh In On Victory Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in Victory Capital by 10.9% in the 4th quarter. Principal Financial Group Inc. now owns 52,830 shares of the company's stock valued at $3,458,000 after purchasing an additional 5,204 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Victory Capital by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 492,045 shares of the company's stock valued at $32,209,000 after purchasing an additional 37,715 shares during the last quarter. Millennium Management LLC lifted its stake in Victory Capital by 107.1% in the 4th quarter. Millennium Management LLC now owns 14,973 shares of the company's stock valued at $980,000 after purchasing an additional 7,744 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Victory Capital by 650.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,948 shares of the company's stock valued at $586,000 after purchasing an additional 7,756 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Victory Capital by 30.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 32,842 shares of the company's stock valued at $2,150,000 after purchasing an additional 7,712 shares during the last quarter. Institutional investors own 87.71% of the company's stock.

Victory Capital Company Profile

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.

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