Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $65.11 Consensus PT from Brokerages

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $65.11.

A number of brokerages recently issued reports on VCTR. Barclays upped their price target on shares of Victory Capital from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. The Goldman Sachs Group boosted their target price on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets boosted their target price on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. B. Riley reissued a “neutral” rating and issued a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada boosted their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VCTR. Contravisory Investment Management Inc. boosted its position in shares of Victory Capital by 53.2% during the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after acquiring an additional 199 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after buying an additional 452 shares during the period. USA Financial Formulas raised its holdings in Victory Capital by 157.9% during the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after buying an additional 676 shares during the period. Amalgamated Bank raised its holdings in Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after buying an additional 479 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Victory Capital during the 3rd quarter valued at $72,000. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Stock Performance

Shares of VCTR stock opened at $67.83 on Friday. Victory Capital has a 12 month low of $33.39 and a 12 month high of $73.42. The stock has a market cap of $4.41 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The company’s fifty day moving average price is $65.95 and its 200-day moving average price is $58.67.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Thursday, November 7th. The company reported $1.33 EPS for the quarter, meeting analysts’ consensus estimates of $1.33. Victory Capital had a net margin of 30.82% and a return on equity of 29.92%. The firm had revenue of $225.63 million for the quarter, compared to analysts’ expectations of $225.75 million. During the same quarter in the previous year, the business posted $1.16 EPS. On average, equities analysts expect that Victory Capital will post 5.24 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.44 per share. This is an increase 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 2.59%. The ex-dividend date of this dividend was Monday, December 9th. Victory Capital’s dividend payout ratio is currently 43.78%.

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.