Victory Capital Holdings, Inc. (NASDAQ:VCTR) to Issue $0.49 Quarterly Dividend

Key Points

• Victory Capital Holdings, Inc. announced a quarterly dividend of $0.49 per share, with an ex-dividend date on September 10th and payment scheduled for September 25th, reflecting an annualized yield of 2.8%.
• The company reported a 59.9% year-over-year revenue increase, with earnings of $1.57 per share for the last quarter, surpassing analysts' expectations by $0.10.
• Victory Capital's payout ratio stands at 28.3%, indicating strong dividend coverage by earnings, with forecasts suggesting continued stability in future payouts.

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) declared a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Shareholders of record on Wednesday, September 10th will be paid a dividend of 0.49 per share on Thursday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, September 10th.

Victory Capital has a payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Victory Capital to earn $6.87 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 28.5%.

Victory Capital Trading Down 1.0%

Shares of VCTR traded down $0.70 on Wednesday, reaching $71.97. 98,214 shares of the company's stock were exchanged, compared to its average volume of 417,396. Victory Capital has a 12 month low of $47.00 and a 12 month high of $73.42. The business has a 50 day moving average price of $65.90 and a two-hundred day moving average price of $62.64. The stock has a market capitalization of $4.84 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 0.79 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. The business had revenue of $351.21 million during the quarter, compared to analysts' expectations of $348.89 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The firm's revenue was up 59.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.31 earnings per share. Research analysts anticipate that Victory Capital will post 6.16 earnings per share for the current year.

Institutional Investors Weigh In On Victory Capital

Several institutional investors have recently added to or reduced their stakes in VCTR. ProShare Advisors LLC lifted its holdings in shares of Victory Capital by 2.0% in the second quarter. ProShare Advisors LLC now owns 9,081 shares of the company's stock worth $578,000 after buying an additional 175 shares in the last quarter. Bosun Asset Management LLC raised its stake in Victory Capital by 1.4% in the fourth quarter. Bosun Asset Management LLC now owns 13,016 shares of the company's stock valued at $852,000 after purchasing an additional 176 shares in the last quarter. American Century Companies Inc. raised its stake in Victory Capital by 1.9% in the second quarter. American Century Companies Inc. now owns 11,892 shares of the company's stock valued at $757,000 after purchasing an additional 217 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Victory Capital by 5.1% in the second quarter. Ameritas Investment Partners Inc. now owns 4,521 shares of the company's stock valued at $288,000 after purchasing an additional 218 shares in the last quarter. Finally, Vista Finance LLC raised its stake in Victory Capital by 4.1% in the second quarter. Vista Finance LLC now owns 6,541 shares of the company's stock valued at $416,000 after purchasing an additional 255 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

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.