Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $75.38 Consensus PT from Analysts

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $75.3750.

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st. Wall Street Zen lowered Victory Capital from a “buy” rating to a “hold” rating in a research note on Monday, April 6th. Barclays set a $69.00 price target on Victory Capital in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. boosted their price target on Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VCTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Victory Capital by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,469 shares of the company’s stock worth $1,416,000 after buying an additional 1,060 shares during the period. Goldman Sachs Group Inc. increased its position in Victory Capital by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 366,318 shares of the company’s stock worth $21,199,000 after buying an additional 5,685 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Victory Capital by 10.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,285 shares of the company’s stock worth $5,688,000 after buying an additional 9,319 shares during the period. Jane Street Group LLC bought a new position in Victory Capital during the 1st quarter worth $3,747,000. Finally, Intech Investment Management LLC increased its position in Victory Capital by 18.8% during the 1st quarter. Intech Investment Management LLC now owns 20,442 shares of the company’s stock worth $1,183,000 after buying an additional 3,237 shares during the period. Institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Up 1.6%

Shares of NASDAQ:VCTR opened at $73.15 on Monday. Victory Capital has a 52-week low of $53.65 and a 52-week high of $77.78. The company has a market capitalization of $4.69 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04. The company has a 50-day simple moving average of $69.83 and a 200 day simple moving average of $66.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.47 and a current ratio of 1.47.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.12. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The business had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. During the same period last year, the business posted $1.45 EPS. Victory Capital’s revenue was up 61.0% on a year-over-year basis. Sell-side analysts forecast that Victory Capital will post 6.16 earnings per share for the current year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.49 per share. The ex-dividend date was Tuesday, March 10th. This represents a $1.96 annualized dividend and a yield of 2.7%. Victory Capital’s dividend payout ratio (DPR) is presently 48.16%.

About Victory Capital

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.