Victory Capital Holdings, Inc., together with its subsidiaries, operates as an asset management company worldwide. It offers investment advisory, fund administration, fund compliance, fund transfer agent, and fund distribution services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors. As of December 31, 2021, its franchises and solutions platform managed a set of 130 investment strategies for a range of institutional and retail clients, and direct investors. The company has strategic alliance with Xavier University of Louisiana. Victory Capital Holdings, Inc. was incorporated in 2013 and is headquartered in San Antonio, Texas.
Victory Capital Trading Up 4.1 %
NASDAQ:VCTR traded up $1.16 during trading hours on Thursday, reaching $29.53. 229,687 shares of the stock were exchanged, compared to its average volume of 274,684. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 2.50 and a beta of 1.12. The company has a quick ratio of 0.35, a current ratio of 0.38 and a debt-to-equity ratio of 0.98. Victory Capital has a twelve month low of $22.22 and a twelve month high of $43.09. The business has a 50-day moving average of $25.87 and a two-hundred day moving average of $28.53.
Victory Capital Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Monday, September 12th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, September 9th. Victory Capital's payout ratio is currently 25.00%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on VCTR. Oppenheimer reiterated a "market perform" rating on shares of Victory Capital in a research report on Tuesday. UBS Group lowered their price objective on Victory Capital from $29.00 to $27.00 in a research report on Monday, July 11th. The Goldman Sachs Group lowered their price objective on Victory Capital from $38.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, June 29th. Piper Sandler lowered their price objective on Victory Capital from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Friday, July 15th. Finally, Keefe, Bruyette & Woods cut Victory Capital from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $34.00 to $29.00 in a research note on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Victory Capital currently has a consensus rating of "Moderate Buy" and an average price target of $33.50.
Insider Activity
In related news, Director James B. Hawkes acquired 20,000 shares of Victory Capital stock in a transaction dated Tuesday, June 14th. The shares were acquired at an average cost of $24.51 per share, for a total transaction of $490,200.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at $490,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.80% of the company's stock.