Victory Capital (NASDAQ:VCTR) Sets New 12-Month High - Here's What Happened

Key Points

• Victory Capital shares reached a new 52-week high of $118.83, supported by several analyst upgrades. The stock carries a “Moderate Buy” consensus rating, although the average price target of $98.29 is below its current price.
• The company reported strong quarterly results, with EPS of $2.21 versus the $1.79 consensus and revenue of $435.36 million, exceeding estimates of $386.09 million.
• Victory Capital declared a quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a 1.7% yield. Institutional investors own 87.71% of the company’s stock.

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $118.83 and last traded at $118.35, with a volume of 9935 shares trading hands. The stock had previously closed at $118.24.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VCTR. Weiss Ratings upgraded Victory Capital from a "buy (b)" rating to a "buy (b+)" rating in a research note on Tuesday, August 11th. Wall Street Zen raised Victory Capital from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Zacks Research upgraded Victory Capital from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 10th. Royal Bank Of Canada lifted their price objective on Victory Capital from $107.00 to $118.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Finally, Morgan Stanley set a $91.00 price objective on Victory Capital in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $98.29.

Victory Capital Stock Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $7.30 billion, a P/E ratio of 21.83, a PEG ratio of 0.99 and a beta of 1.08. The stock's 50 day moving average is $94.76 and its two-hundred day moving average is $81.66.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.42. The company had revenue of $435.36 million for the quarter, compared to analyst estimates of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. As a group, equities analysts predict that Victory Capital Holdings, Inc. will post 7.63 EPS for the current year.

Victory Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.7%. Victory Capital's dividend payout ratio (DPR) is presently 36.76%.

Institutional Investors Weigh In On Victory Capital

Several large investors have recently made changes to their positions in VCTR. Amundi acquired a new position in shares of Victory Capital in the fourth quarter valued at approximately $192,735,000. Bank of New York Mellon Corp acquired a new stake in shares of Victory Capital during the second quarter worth $42,035,000. FIL Ltd acquired a new stake in shares of Victory Capital during the fourth quarter worth $26,813,000. Invesco Ltd. lifted its position in Victory Capital by 163.6% in the 3rd quarter. Invesco Ltd. now owns 431,912 shares of the company's stock valued at $27,971,000 after acquiring an additional 268,061 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in Victory Capital by 747.2% in the 3rd quarter. Voloridge Investment Management LLC now owns 299,862 shares of the company's stock valued at $19,419,000 after acquiring an additional 264,468 shares in the last quarter. Institutional investors own 87.71% of the company's stock.

About Victory Capital

Victory Capital NASDAQ: VCTR is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.

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