Victory Capital Holdings, Inc. (NASDAQ:VCTR) Stock Has Average Price Target of $113.33

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $113.33.

VCTR has been the topic of several recent analyst reports. Morgan Stanley raised their target price on shares of Victory Capital from $91.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, September 25th. Royal Bank Of Canada increased their price target on shares of Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Victory Capital from $87.00 to $101.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Barclays boosted their price objective on shares of Victory Capital from $95.00 to $112.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group upped their price objective on shares of Victory Capital from $100.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th.

Victory Capital Trading Up 0.6%

NASDAQ VCTR opened at $112.44 on Monday. Victory Capital has a 1-year low of $57.03 and a 1-year high of $123.55. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average of $111.70 and a 200-day moving average of $93.05. The firm has a market cap of $6.92 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 0.52 and a beta of 1.12.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.42. The business had revenue of $435.36 million for the quarter, compared to analyst estimates of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. As a group, sell-side analysts forecast that Victory Capital will post 7.79 EPS for the current year.

Victory Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Thursday, September 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Thursday, September 10th. Victory Capital’s payout ratio is currently 36.76%.

Institutional Investors Weigh In On Victory Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd increased its stake in shares of Victory Capital by 19,350.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after buying an additional 387 shares during the period. Nykredit A S bought a new position in shares of Victory Capital during the second quarter valued at approximately $26,000. Public Employees Retirement System of Ohio purchased a new stake in Victory Capital in the second quarter worth $44,000. Cassaday & Co Wealth Management LLC purchased a new stake in Victory Capital in the first quarter worth $46,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Victory Capital by 56.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,175 shares of the company’s stock valued at $77,000 after acquiring an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Company Profile

Victory Capital Holdings, Inc is an investment management company headquartered in San Antonio, Texas. Through its investment management businesses and affiliated brands, the company provides a range of actively managed and rules-based investment strategies for individual investors, financial intermediaries, retirement plans, institutions and other organizations.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment mandates.