Victory Capital Holdings, Inc. (VCTR) To Go Ex-Dividend on June 10th

Victory Capital Holdings, Inc. (NASDAQ:VCTR) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Wednesday, June 10th will be paid a dividend of 0.50 per share on Thursday, June 25th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a 2.0% increase from Victory Capital’s previous quarterly dividend of $0.49.

Victory Capital has increased its dividend payment by an average of 0.5%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Victory Capital has a payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Victory Capital to earn $7.62 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 26.2%.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $87.50 on Monday. The company’s fifty day moving average is $77.52 and its two-hundred day moving average is $71.06. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.41. Victory Capital has a 12-month low of $57.03 and a 12-month high of $89.02. The company has a market cap of $5.47 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.19. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The company had revenue of $387.99 million for the quarter, compared to the consensus estimate of $364.97 million. During the same period in the previous year, the business earned $1.36 EPS. The company’s revenue was up 76.7% on a year-over-year basis. Equities analysts expect that Victory Capital will post 7.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Victory Capital

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its holdings in 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 acquiring an additional 387 shares during the period. Core Wealth Advisors LLC bought a new stake in Victory Capital during the fourth quarter valued at about $30,000. Covestor Ltd boosted its holdings in Victory Capital by 99.7% during the fourth quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after acquiring an additional 334 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in Victory Capital during the first quarter valued at about $46,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Victory Capital by 48.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after acquiring an additional 246 shares during the period. 87.71% of the stock is currently owned by institutional investors.

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.