Victory Capital (NASDAQ:VCTR) Shares Gap Up - Should You Buy?

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $55.77, but opened at $57.14. Victory Capital shares last traded at $57.12, with a volume of 24,470 shares.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. B. Riley reissued a "neutral" rating and issued a $60.00 price objective (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Bank of America dropped their target price on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. BMO Capital Markets lifted their price target on Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. increased their price objective on Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Finally, Barclays decreased their target price on shares of Victory Capital from $75.00 to $59.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $69.67.

Victory Capital Price Performance

The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The company has a 50-day moving average of $59.81 and a 200-day moving average of $62.73. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.55 and a beta of 0.86.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. As a group, equities research analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This is an increase from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 3.34%. Victory Capital's payout ratio is 43.02%.

Institutional Investors Weigh In On Victory Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in VCTR. Covestor Ltd boosted its stake in Victory Capital by 3,207.1% in the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after buying an additional 449 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Victory Capital during the 1st quarter worth about $34,000. Opal Wealth Advisors LLC acquired a new stake in shares of Victory Capital in the first quarter worth approximately $37,000. Principal Securities Inc. grew its holdings in Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after purchasing an additional 157 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Victory Capital during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 87.71% of the company's stock.

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.