Victory Capital Holdings, Inc. (NASDAQ:VCTR) Stock Has Average Target Price of $118.67

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has earned an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $118.67.

Several research firms have commented on VCTR. Morgan Stanley increased their price objective on shares of Victory Capital from $115.00 to $119.00 and gave the company an “equal weight” rating in a report on Wednesday, October 28th. The Goldman Sachs Group boosted their target price on shares of Victory Capital from $100.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. lifted their target price on Victory Capital from $101.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, October 16th. Royal Bank Of Canada raised their price target on Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, UBS Group set a $117.00 price objective on shares of Victory Capital in a research report on Friday, August 28th.

Institutional Trading of Victory Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. RFG Advisory LLC bought a new stake in shares of Victory Capital in the second quarter worth $1,197,000. Royal Bank of Canada grew its position in shares of Victory Capital by 26.8% during the 1st quarter. Royal Bank of Canada now owns 182,050 shares of the company’s stock worth $11,920,000 after buying an additional 38,511 shares during the period. Janus Henderson Group PLC boosted its stake in Victory Capital by 203.5% during the 1st quarter. Janus Henderson Group PLC now owns 58,127 shares of the company’s stock valued at $3,805,000 after purchasing an additional 38,977 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Victory Capital by 12.4% in the 1st quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock worth $65,965,000 after buying an additional 111,063 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Victory Capital in the second quarter valued at $4,710,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Performance

Shares of Victory Capital stock opened at $110.62 on Friday. The firm’s 50 day moving average is $110.92 and its 200 day moving average is $89.10. Victory Capital has a 1 year low of $57.03 and a 1 year high of $123.55. The firm has a market capitalization of $6.80 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 0.51 and a beta of 1.12. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.42. The company had revenue of $435.36 million for the quarter, compared to analyst estimates of $386.09 million. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. Equities research analysts forecast that Victory Capital will post 7.78 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

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

About Victory Capital

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.