Brokerages Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) Price Target at $42.00

Victory Capital Holdings, Inc. (NASDAQ:VCTRGet Rating) has earned an average rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $42.00.

A number of equities research analysts recently commented on the company. Bank of America assumed coverage on Victory Capital in a research report on Monday, January 24th. They issued a “buy” rating for the company. BMO Capital Markets lowered their price target on Victory Capital from $53.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, February 14th. Zacks Investment Research lowered Victory Capital from a “hold” rating to a “sell” rating in a research report on Friday. Royal Bank of Canada decreased their target price on Victory Capital from $49.00 to $44.00 in a research report on Tuesday, February 15th. Finally, Morgan Stanley decreased their target price on Victory Capital from $32.00 to $29.00 in a research report on Friday, April 8th.

Several institutional investors and hedge funds have recently bought and sold shares of VCTR. Crestview Partners II GP L.P. bought a new stake in shares of Victory Capital in the fourth quarter valued at approximately $1,135,008,000. Van Berkom & Associates Inc. lifted its position in shares of Victory Capital by 2,470.3% during the fourth quarter. Van Berkom & Associates Inc. now owns 1,501,719 shares of the company’s stock worth $54,858,000 after acquiring an additional 1,443,293 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Victory Capital by 168.6% during the third quarter. TimesSquare Capital Management LLC now owns 990,732 shares of the company’s stock worth $34,686,000 after acquiring an additional 621,868 shares in the last quarter. Capital World Investors boosted its holdings in shares of Victory Capital by 25.1% in the fourth quarter. Capital World Investors now owns 1,016,000 shares of the company’s stock worth $37,114,000 after acquiring an additional 204,000 shares during the period. Finally, Gator Capital Management LLC bought a new stake in shares of Victory Capital during the 4th quarter valued at $5,114,000. Hedge funds and other institutional investors own 41.03% of the company’s stock.

Victory Capital stock opened at $27.35 on Wednesday. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 0.93 and a beta of 1.07. Victory Capital has a 52-week low of $26.18 and a 52-week high of $43.09. The stock’s 50 day moving average price is $31.38 and its two-hundred day moving average price is $33.88. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.42 and a current ratio of 0.42.

Victory Capital (NASDAQ:VCTRGet Rating) last issued its earnings results on Thursday, February 10th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.06. Victory Capital had a return on equity of 40.25% and a net margin of 31.27%. The company had revenue of $229.12 million for the quarter, compared to analyst estimates of $228.45 million. During the same period in the prior year, the firm earned $1.03 earnings per share. On average, equities research analysts forecast that Victory Capital will post 4.89 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Thursday, March 10th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 9th. This is an increase from Victory Capital’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a yield of 3.66%. Victory Capital’s dividend payout ratio is 26.67%.

About Victory Capital (Get Rating)

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company worldwide. It offers investment advisory, fund administration, fund compliance, fund transfer agent, and fund distribution services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.

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Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

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