Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $98.2857.

A number of brokerages recently issued reports on VCTR. Weiss Ratings raised Victory Capital from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Barclays boosted their price target on Victory Capital from $95.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Morgan Stanley set a $91.00 price objective on shares of Victory Capital in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Victory Capital from $87.00 to $101.00 and gave the company a “neutral” rating in a research note on Friday, August 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VCTR. Amundi acquired a new position in shares of Victory Capital during the 4th quarter valued at $192,735,000. Bank of New York Mellon Corp acquired a new stake in shares of Victory Capital in the second quarter valued at $42,035,000. FIL Ltd acquired a new stake in shares of Victory Capital in the fourth quarter valued at $26,813,000. Invesco Ltd. boosted its stake in Victory Capital by 163.6% during the third quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock valued at $27,971,000 after buying an additional 268,061 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in Victory Capital by 747.2% during the third quarter. Voloridge Investment Management LLC now owns 299,862 shares of the company’s stock valued at $19,419,000 after buying an additional 264,468 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Trading Down 2.4%

Shares of NASDAQ:VCTR opened at $113.08 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average price is $97.05 and its 200 day moving average price is $82.98. The company has a market cap of $6.96 billion, a PE ratio of 20.79, a P/E/G ratio of 0.97 and a beta of 1.08. Victory Capital has a fifty-two week low of $57.03 and a fifty-two week high of $119.56.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.79 by $0.42. The firm had revenue of $435.36 million during the quarter, compared to analysts’ expectations of $386.09 million. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. Sell-side analysts anticipate that Victory Capital will post 7.63 earnings per share for the current year.

Victory Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. Victory Capital’s dividend payout ratio (DPR) is 36.76%.

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.