Brokerages Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) Price Target at $74.89

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has received an average rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $74.8889.

A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of Victory Capital from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Zacks Research cut shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Barclays lowered their price target on Victory Capital from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 21st. The Goldman Sachs Group reissued a “buy” rating and set a $76.00 price objective on shares of Victory Capital in a research report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. lowered their target price on Victory Capital from $71.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, November 10th.

Institutional Investors Weigh In On Victory Capital

Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its position in shares of Victory Capital by 2,131.6% during the second quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares during the period. Maseco LLP acquired a new position in shares of Victory Capital in the 2nd quarter valued at $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Victory Capital in the 1st quarter valued at $41,000. CWM LLC lifted its holdings in shares of Victory Capital by 29.0% during the 3rd quarter. CWM LLC now owns 973 shares of the company’s stock worth $63,000 after acquiring an additional 219 shares during the period. Finally, AdvisorNet Financial Inc bought a new stake in Victory Capital in the third quarter valued at about $65,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Price Performance

NASDAQ VCTR opened at $63.34 on Friday. Victory Capital has a fifty-two week low of $47.00 and a fifty-two week high of $73.42. The stock’s 50-day moving average is $65.40 and its two-hundred day moving average is $65.67. The firm has a market cap of $4.11 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 0.62 and a beta of 1.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.26.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.03. Victory Capital had a return on equity of 24.23% and a net margin of 25.27%.The business had revenue of $361.20 million for the quarter, compared to analyst estimates of $361.14 million. During the same quarter in the prior year, the firm posted $1.35 EPS. The firm’s revenue for the quarter was up 60.1% on a year-over-year basis. On average, analysts anticipate that Victory Capital will post 6.16 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Wednesday, December 10th. This represents a $1.96 annualized dividend and a dividend yield of 3.1%. Victory Capital’s payout ratio is presently 50.00%.

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.