Brokerages Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) Target Price at $71.56

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine analysts that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $71.56.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price target on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. B. Riley boosted their price target on Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Barclays upped their price objective on Victory Capital from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Royal Bank Of Canada upped their price objective on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Finally, Bank of America lowered their price target on Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 3rd.

Institutional Investors Weigh In On Victory Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd increased its holdings in shares of Victory Capital by 3,207.1% in the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after buying an additional 449 shares in the last quarter. Maseco LLP bought a new position in shares of Victory Capital in the second quarter valued at $30,000. Versant Capital Management Inc bought a new position in shares of Victory Capital in the first quarter valued at $34,000. Opal Wealth Advisors LLC bought a new position in shares of Victory Capital in the first quarter valued at $37,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Victory Capital during the 1st quarter worth approximately $41,000. Institutional investors own 87.71% of the company's stock.

Victory Capital Stock Performance

Shares of VCTR traded down $0.80 during midday trading on Friday, reaching $64.12. 155,775 shares of the stock were exchanged, compared to its average volume of 336,140. The business's 50-day moving average price is $62.80 and its 200 day moving average price is $62.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.09. Victory Capital has a twelve month low of $43.82 and a twelve month high of $73.42. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 0.73 and a beta of 1.03.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.02). Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. The company had revenue of $219.60 million for the quarter, compared to analysts' expectations of $226.38 million. During the same period in the prior year, the business earned $1.25 EPS. The business's quarterly revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts expect that Victory Capital will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th were issued a dividend of $0.49 per share. This is a boost from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.96 annualized dividend and a yield of 3.06%. Victory Capital's payout ratio is presently 43.65%.

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.