Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been given an average rating of “Moderate Buy” by the nine research firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $64.67.

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Morgan Stanley increased their price objective on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. The Goldman Sachs Group boosted their target price on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Barclays increased their price target on Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, BMO Capital Markets boosted their price objective on shares of Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th.

Victory Capital Stock Down 0.9 %

VCTR stock opened at $65.67 on Tuesday. Victory Capital has a 12 month low of $32.55 and a 12 month high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.59 and a beta of 0.89. The company has a fifty day moving average price of $65.07 and a 200 day moving average price of $56.79.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, December 9th. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.68%. Victory Capital’s dividend payout ratio is 43.78%.

Institutional Trading of Victory Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James & Associates grew its position in Victory Capital by 66.4% during the second quarter. Raymond James & Associates now owns 50,240 shares of the company’s stock worth $2,398,000 after buying an additional 20,042 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Victory Capital by 11.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 589,887 shares of the company’s stock worth $28,155,000 after acquiring an additional 58,336 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Victory Capital by 20.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,937 shares of the company’s stock valued at $379,000 after purchasing an additional 1,351 shares in the last quarter. F M Investments LLC acquired a new position in Victory Capital during the second quarter worth $11,149,000. Finally, Principal Financial Group Inc. boosted its position in Victory Capital by 18.4% during the second quarter. Principal Financial Group Inc. now owns 46,904 shares of the company’s stock worth $2,239,000 after purchasing an additional 7,281 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.