Victory Capital (NASDAQ:VCTR) Sees Unusually-High Trading Volume

Victory Capital Holdings, Inc. (NASDAQ:VCTR) shares saw unusually-strong trading volume on Wednesday . Approximately 234,335 shares were traded during 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.

Wall Street Analyst Weigh In

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

Victory Capital Stock Up 0.3 %

The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 0.45 and a beta of 1.00. The stock has a fifty day moving average of $41.34 and a two-hundred day moving average of $35.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.66.

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

Victory Capital Increases Dividend

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

Institutional Trading of Victory Capital

Several large investors have recently modified their holdings of VCTR. Blue Trust Inc. grew its holdings in Victory Capital by 93.5% in the fourth quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock worth $41,000 after purchasing an additional 602 shares during the period. New York State Teachers Retirement System increased its position in Victory Capital by 64.1% in the 3rd quarter. New York State Teachers Retirement System now owns 2,461 shares of the company’s stock valued at $82,000 after buying an additional 961 shares in the last quarter. Amalgamated Bank raised its stake in Victory Capital by 13.5% during the 3rd quarter. Amalgamated Bank now owns 4,063 shares of the company’s stock worth $135,000 after buying an additional 482 shares during the period. SG Americas Securities LLC acquired a new stake in Victory Capital in the third quarter valued at approximately $156,000. Finally, Olympiad Research LP increased its holdings in shares of Victory Capital by 6.0% during the third quarter. Olympiad Research LP now owns 6,910 shares of the company’s stock valued at $230,000 after acquiring an additional 394 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

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.