Victory Capital (NASDAQ:VCTR) Sees Strong Trading Volume

Victory Capital Holdings, Inc. (NASDAQ:VCTR) shares saw an uptick in trading volume on Wednesday . 234,335 shares were traded during mid-day trading, a decline of 39% from the previous session’s volume of 384,255 shares.The stock last traded at $49.66 and had previously closed at $50.64.

Analyst Ratings Changes

A number of analysts have recently issued reports on VCTR shares. B. Riley increased their price target on shares of Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. BMO Capital Markets increased their target price on shares of Victory Capital from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Morgan Stanley boosted their price target on shares of Victory Capital from $30.00 to $32.00 and gave the company an “underweight” rating in a report on Wednesday, April 17th. Royal Bank of Canada increased their price objective on Victory Capital from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Finally, UBS Group lifted their price objective on Victory Capital from $37.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.67.

Victory Capital Trading Up 0.3 %

The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 0.66. The company’s 50 day moving average price is $41.34 and its 200 day moving average price is $35.82. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 0.45 and a beta of 1.00.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. The company had revenue of $205.80 million for the quarter, compared to the consensus estimate of $204.20 million. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 earnings per share. Research analysts anticipate that Victory Capital Holdings, Inc. will post 5.14 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were given a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 2.67%. This is a boost from Victory Capital’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, March 8th. Victory Capital’s dividend payout ratio is currently 42.81%.

Institutional Investors Weigh In On Victory Capital

A number of institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Victory Capital by 27.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 273,348 shares of the company’s stock worth $9,113,000 after buying an additional 59,503 shares in the last quarter. Brandywine Global Investment Management LLC increased its stake in Victory Capital by 12.1% in the third quarter. Brandywine Global Investment Management LLC now owns 199,926 shares of the company’s stock valued at $6,666,000 after acquiring an additional 21,612 shares during the period. Fiera Capital Corp acquired a new position in Victory Capital in the third quarter worth about $2,409,000. Bank of New York Mellon Corp lifted its stake in Victory Capital by 4.2% during the third quarter. Bank of New York Mellon Corp now owns 545,269 shares of the company’s stock worth $18,179,000 after purchasing an additional 22,192 shares during the period. Finally, Windmill Hill Asset Management Ltd boosted its holdings in Victory Capital by 54.0% during the fourth quarter. Windmill Hill Asset Management Ltd now owns 33,043 shares of the company’s stock valued at $1,138,000 after purchasing an additional 11,592 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Company Profile

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.