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

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine research firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $71.56.

Several equities research analysts have recently issued reports on the stock. B. Riley lifted their price objective 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. Barclays raised 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. UBS Group cut their target price on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Bank of America cut their target price on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th.

Victory Capital Stock Performance

Victory Capital stock traded down $1.54 during midday trading on Friday, hitting $64.70. The stock had a trading volume of 231,621 shares, compared to its average volume of 337,149. The firm's fifty day moving average is $62.80 and its two-hundred day moving average is $62.06. The company has a market capitalization of $4.35 billion, a PE ratio of 14.41, a P/E/G ratio of 0.74 and a beta of 1.03. Victory Capital has a 52-week low of $43.82 and a 52-week high of $73.42. 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 (NASDAQ:VCTR - Get Free Report) last released 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). The firm had revenue of $219.60 million during the quarter, compared to analysts' expectations of $226.38 million. Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. The company's revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 earnings per share. On average, research analysts forecast that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.03%. This is an increase from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, June 10th. Victory Capital's dividend payout ratio (DPR) is 43.65%.

Institutional Trading of Victory Capital

Several institutional investors and hedge funds have recently made changes to their positions in VCTR. Covestor Ltd lifted its position in shares of Victory Capital by 3,207.1% during 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 shares of Victory Capital during the first quarter worth $34,000. Opal Wealth Advisors LLC bought a new stake in shares of Victory Capital during the first quarter worth $37,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Victory Capital during the first quarter worth $41,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Victory Capital by 1,048.1% in the second quarter. Farther Finance Advisors LLC now owns 1,504 shares of the company's stock valued at $96,000 after acquiring an additional 1,373 shares in the last quarter. 87.71% of the stock is currently 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.