Victory Capital (NASDAQ:VCTR) Hits New 12-Month High – Still a Buy?

Victory Capital Holdings, Inc. (NASDAQ:VCTR)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $89.70 and last traded at $88.8150, with a volume of 62264 shares traded. The stock had previously closed at $87.40.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VCTR shares. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Victory Capital in a research report on Tuesday, May 12th. The Goldman Sachs Group started coverage on shares of Victory Capital in a research report on Tuesday, June 2nd. They set a “neutral” rating and a $90.00 target price for the company. Barclays increased their target price on shares of Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $84.71.

Victory Capital Price Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.41. The stock has a market cap of $5.48 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. The business’s 50-day simple moving average is $77.88 and its two-hundred day simple moving average is $71.23.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.19. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The company had revenue of $387.99 million during the quarter, compared to analyst estimates of $364.97 million. During the same period last year, the business earned $1.36 earnings per share. Victory Capital’s revenue was up 76.7% compared to the same quarter last year. Sell-side analysts expect that Victory Capital Holdings, Inc. will post 7.04 EPS for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date is Wednesday, June 10th. Victory Capital’s dividend payout ratio (DPR) is 44.14%.

Hedge Funds Weigh In On Victory Capital

Large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Victory Capital by 19,350.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after acquiring an additional 387 shares during the period. Core Wealth Advisors LLC purchased a new position in Victory Capital during the fourth quarter worth about $30,000. Covestor Ltd grew its position in Victory Capital by 99.7% during the fourth quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after buying an additional 334 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Victory Capital during the first quarter worth about $46,000. Finally, PNC Financial Services Group Inc. grew its position in Victory Capital by 48.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock worth $48,000 after buying an additional 246 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Company Profile

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.