Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Average Recommendation of “Hold” by Analysts

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $105.7143.

Several research analysts have issued reports on VCTR shares. UBS Group set a $117.00 target price on Victory Capital in a research report on Friday, August 28th. Weiss Ratings upgraded Victory Capital from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, September 9th. Zacks Research lowered Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Monday. Morgan Stanley set a $91.00 price objective on Victory Capital in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group upped their price objective on Victory Capital from $100.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new position in shares of Victory Capital in the 2nd quarter valued at $42,035,000. Dimensional Fund Advisors LP raised its position in shares of Victory Capital by 14.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock worth $114,163,000 after acquiring an additional 221,471 shares in the last quarter. Capital World Investors lifted its stake in shares of Victory Capital by 4.3% during the 4th quarter. Capital World Investors now owns 3,768,001 shares of the company’s stock worth $237,723,000 after purchasing an additional 155,732 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Victory Capital by 12.4% during the 1st quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock worth $65,965,000 after purchasing an additional 111,063 shares during the last quarter. Finally, Argent Capital Management LLC boosted its position in Victory Capital by 52.1% during the first quarter. Argent Capital Management LLC now owns 179,683 shares of the company’s stock valued at $11,766,000 after purchasing an additional 61,583 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Price Performance

Victory Capital stock opened at $103.72 on Thursday. The firm has a 50-day moving average price of $107.40 and a 200-day moving average price of $88.25. The firm has a market capitalization of $6.38 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 0.88 and a beta of 1.09. 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 has a 12-month low of $57.03 and a 12-month high of $123.55.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.42. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. The firm had revenue of $435.36 million during the quarter, compared to analysts’ expectations of $386.09 million. As a group, equities research analysts forecast that Victory Capital will post 7.62 EPS for the current year.

Victory Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, September 10th. Victory Capital’s payout ratio is currently 36.76%.

About Victory Capital

Victory Capital Inc (NASDAQ:VCTR) is a global investment management company that provides a broad range of investment solutions to individual, institutional, intermediary and retirement investors. The company manages assets through a multiboutique structure designed to preserve the distinct investment approaches of its affiliated investment teams.

Its offerings include actively managed mutual funds, exchange-traded funds, separately managed accounts, institutional strategies, retirement-plan solutions and other portfolio management services.