Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Average Rating of “Hold” by Analysts

Victory Capital Holdings, Inc. (NASDAQ:VCTR – Get Rating) has earned an average recommendation of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $30.00.

A number of equities analysts have recently commented on VCTR shares. Royal Bank of Canada raised their price objective on Victory Capital from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, November 9th. Piper Sandler decreased their target price on Victory Capital from $29.00 to $27.00 and set an “underweight” rating for the company in a research report on Monday, December 19th. Morgan Stanley decreased their target price on Victory Capital from $21.00 to $20.00 and set an “underweight” rating for the company in a research report on Monday, October 3rd. BMO Capital Markets boosted their price objective on Victory Capital from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, November 7th. Finally, B. Riley lifted their target price on Victory Capital from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 11th.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $29.49 on Friday. Victory Capital has a twelve month low of $22.22 and a twelve month high of $36.90. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.94. The stock has a 50 day moving average of $28.74 and a two-hundred day moving average of $27.31. The stock has a market cap of $2.02 billion, a P/E ratio of 7.35, a P/E/G ratio of 2.62 and a beta of 1.18.

Victory Capital (NASDAQ:VCTR – Get Rating) last posted its earnings results on Thursday, November 3rd. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.09. The company had revenue of $207.26 million for the quarter, compared to analyst estimates of $206.64 million. Victory Capital had a return on equity of 33.15% and a net margin of 33.20%. On average, research analysts forecast that Victory Capital will post 4.45 earnings per share for the current year.

Victory Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Friday, December 9th were paid a $0.25 dividend. The ex-dividend date was Thursday, December 8th. This represents a $1.00 annualized dividend and a dividend yield of 3.39%. Victory Capital’s dividend payout ratio is currently 24.94%.

Insider Buying and Selling

In other Victory Capital news, CEO David Craig Brown purchased 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The shares were acquired at an average cost of $27.01 per share, for a total transaction of $1,080,400.00. Following the transaction, the chief executive officer now directly owns 2,208,137 shares in the company, valued at $59,641,780.37. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VCTR. Bank of New York Mellon Corp boosted its position in Victory Capital by 7.2% in the 1st quarter. Bank of New York Mellon Corp now owns 230,872 shares of the company’s stock valued at $6,665,000 after buying an additional 15,601 shares during the last quarter. US Bancorp DE boosted its position in Victory Capital by 50.0% in the 1st quarter. US Bancorp DE now owns 9,000 shares of the company’s stock valued at $260,000 after buying an additional 3,000 shares during the last quarter. Bank of Montreal Can boosted its position in Victory Capital by 32.9% in the 1st quarter. Bank of Montreal Can now owns 34,499 shares of the company’s stock valued at $1,026,000 after buying an additional 8,535 shares during the last quarter. BlackRock Inc. boosted its position in Victory Capital by 33.7% in the 1st quarter. BlackRock Inc. now owns 630,415 shares of the company’s stock valued at $18,201,000 after buying an additional 159,042 shares during the last quarter. Finally, LSV Asset Management boosted its position in Victory Capital by 2.8% in the 1st quarter. LSV Asset Management now owns 473,454 shares of the company’s stock valued at $13,669,000 after buying an additional 12,820 shares during the last quarter. 85.95% of the stock is currently owned by institutional investors.

Victory Capital Company Profile

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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.