Victory Capital (NASDAQ:VCTR) Sets New 12-Month High After Analyst Upgrade

Victory Capital Holdings, Inc. (NASDAQ:VCTR) shares reached a new 52-week high during mid-day trading on Monday after UBS Group raised their price target on the stock from $37.00 to $48.00. UBS Group currently has a neutral rating on the stock. Victory Capital traded as high as $48.00 and last traded at $48.00, with a volume of 1005 shares trading hands. The stock had previously closed at $47.47.

Other analysts have also recently issued reports about the company. Morgan Stanley upped their price target on Victory Capital from $30.00 to $32.00 and gave the company an “underweight” rating in a research report on Wednesday, April 17th. BMO Capital Markets boosted their price objective on Victory Capital from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. B. Riley boosted their price objective on Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Royal Bank of Canada boosted their price objective on Victory Capital from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $45.43.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VCTR. Corient Private Wealth LLC grew its holdings in shares of Victory Capital by 126.8% during the third quarter. Corient Private Wealth LLC now owns 1,046,684 shares of the company’s stock worth $34,896,000 after buying an additional 585,225 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Victory Capital by 426.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 589,710 shares of the company’s stock valued at $20,310,000 after purchasing an additional 477,798 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in Victory Capital by 19.2% in the third quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company’s stock valued at $60,537,000 after purchasing an additional 292,225 shares in the last quarter. LSV Asset Management grew its stake in Victory Capital by 22.2% in the third quarter. LSV Asset Management now owns 1,380,922 shares of the company’s stock valued at $46,040,000 after purchasing an additional 250,600 shares in the last quarter. Finally, Granahan Investment Management LLC grew its stake in Victory Capital by 22.0% in the fourth quarter. Granahan Investment Management LLC now owns 1,213,589 shares of the company’s stock valued at $41,796,000 after purchasing an additional 219,025 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Stock Performance

The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The stock has a 50 day simple moving average of $40.74 and a two-hundred day simple moving average of $35.58. The stock has a market capitalization of $3.26 billion, a P/E ratio of 16.18, a P/E/G ratio of 0.42 and a beta of 1.00.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The firm had revenue of $205.80 million during the quarter, compared to the consensus estimate of $204.20 million. During the same period last year, the company earned $1.03 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. On average, equities analysts forecast that Victory Capital Holdings, Inc. will post 5.13 EPS for the current fiscal 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 dividend on an annualized basis and a dividend yield of 2.65%. 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 (DPR) is presently 42.81%.

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.