Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $72.22 Average Target Price from Analysts

Key Points

• Victory Capital Holdings, Inc. has received an average recommendation of "Moderate Buy" from nine analysts, with four ratings as hold and five as buy.
• Despite a recent earnings miss, where the company reported $1.36 EPS against an expected $1.38, revenue increased by 1.7% compared to the same quarter last year.
• The firm recently announced a quarterly dividend of $0.49 per share, which reflects a positive change from the previous dividend and a yield of 2.8%.

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $72.2222.

VCTR has been the topic of several recent analyst reports. Barclays upped their target price on shares of Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. cut their price target on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Royal Bank Of Canada raised their target price on shares of Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. UBS Group lowered 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. Finally, B. Riley upped their target price on Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Thursday, May 15th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. LPL Financial LLC raised its stake in shares of Victory Capital by 14.2% during the 4th quarter. LPL Financial LLC now owns 21,896 shares of the company's stock worth $1,433,000 after purchasing an additional 2,731 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Victory Capital by 4.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company's stock valued at $366,000 after buying an additional 218 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Victory Capital by 45.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 14,696 shares of the company's stock valued at $962,000 after purchasing an additional 4,574 shares during the period. Alliancebernstein L.P. raised its stake in shares of Victory Capital by 1.1% in the 4th quarter. Alliancebernstein L.P. now owns 53,340 shares of the company's stock valued at $3,492,000 after buying an additional 600 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Victory Capital by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,044,511 shares of the company's stock valued at $68,390,000 after purchasing an additional 7,786 shares in the last quarter. Institutional investors own 87.71% of the company's stock.

Victory Capital Stock Performance

Shares of NASDAQ VCTR traded down $2.07 during trading hours on Wednesday, reaching $67.12. The stock had a trading volume of 843,486 shares, compared to its average volume of 412,156. The firm has a 50-day moving average of $65.25 and a 200-day moving average of $62.58. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.77 and a beta of 1.04. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.84. Victory Capital has a fifty-two week low of $45.78 and a fifty-two week high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.07. Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. Equities research analysts predict that Victory Capital will post 6.16 earnings per share for the current year.

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.