Victory Capital Holdings, Inc. (NASDAQ:VCTR) Declares $0.25 Quarterly Dividend

Victory Capital Holdings, Inc. (NASDAQ:VCTRGet Rating) announced a quarterly dividend on Thursday, May 5th, Zacks reports. Investors of record on Friday, June 10th will be paid a dividend of 0.25 per share on Monday, June 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Thursday, June 9th.

Victory Capital has a dividend payout ratio of 18.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Victory Capital to earn $5.20 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 19.2%.

Shares of NASDAQ:VCTR opened at $26.56 on Friday. Victory Capital has a 12 month low of $25.49 and a 12 month high of $43.09. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.21. The company’s fifty day simple moving average is $29.45 and its 200 day simple moving average is $33.11. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 0.97 and a beta of 1.06.

Victory Capital (NASDAQ:VCTRGet Rating) last issued its quarterly earnings data on Thursday, February 10th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.06. Victory Capital had a net margin of 31.27% and a return on equity of 40.25%. The business had revenue of $229.12 million for the quarter, compared to analyst estimates of $228.45 million. During the same period last year, the business posted $1.03 earnings per share. Research analysts expect that Victory Capital will post 4.87 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in shares of Victory Capital by 66.5% during the 2nd quarter. Wells Fargo & Company MN now owns 3,553 shares of the company’s stock worth $115,000 after buying an additional 1,419 shares during the period. Legal & General Group Plc boosted its holdings in shares of Victory Capital by 19.4% during the 4th quarter. Legal & General Group Plc now owns 4,615 shares of the company’s stock worth $168,000 after buying an additional 750 shares during the period. Royal Bank of Canada boosted its holdings in shares of Victory Capital by 7.9% during the 2nd quarter. Royal Bank of Canada now owns 5,710 shares of the company’s stock worth $184,000 after buying an additional 416 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Victory Capital by 100.3% during the 4th quarter. JPMorgan Chase & Co. now owns 14,311 shares of the company’s stock worth $523,000 after buying an additional 7,168 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Victory Capital by 2.6% during the 4th quarter. Nuveen Asset Management LLC now owns 16,898 shares of the company’s stock worth $617,000 after buying an additional 433 shares during the period. 68.66% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on VCTR shares. BMO Capital Markets lowered their price target on shares of Victory Capital from $53.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, February 14th. Zacks Investment Research upgraded shares of Victory Capital from a “sell” rating to a “hold” rating in a research note on Thursday, April 21st. UBS Group started coverage on shares of Victory Capital in a research note on Tuesday, April 26th. They issued a “neutral” rating and a $30.00 price target on the stock. Morgan Stanley lowered their price target on shares of Victory Capital from $29.00 to $28.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 26th. Finally, Bank of America started coverage on shares of Victory Capital in a research note on Monday, January 24th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $39.71.

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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Dividend History for Victory Capital (NASDAQ:VCTR)

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