Victory Capital (NASDAQ:VCTR) Shares Gap Down to $52.25

Victory Capital Holdings, Inc. (NASDAQ:VCTRGet Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $52.25, but opened at $50.94. Victory Capital shares last traded at $47.72, with a volume of 192,267 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Victory Capital from $37.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. BMO Capital Markets boosted their price objective on shares of Victory Capital from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Morgan Stanley boosted their price objective on shares of Victory Capital from $30.00 to $32.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 17th. Royal Bank of Canada boosted their price objective on shares of Victory Capital from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Finally, B. Riley boosted their price objective on shares of Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.67.

Get Our Latest Analysis on Victory Capital

Victory Capital Price Performance

The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.13 billion, a PE ratio of 14.94, a PEG ratio of 0.47 and a beta of 0.92. The firm’s fifty day simple moving average is $44.65 and its 200-day simple moving average is $37.57.

Victory Capital (NASDAQ:VCTRGet Free Report) last issued its earnings results on Friday, February 9th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.02. The business had revenue of $205.80 million during the quarter, compared to analysts’ expectations of $204.20 million. Victory Capital had a net margin of 26.28% and a return on equity of 29.36%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. On average, research analysts forecast that Victory Capital Holdings, Inc. will post 5.14 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.37 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Monday, June 10th. Victory Capital’s dividend payout ratio is presently 41.10%.

Hedge Funds Weigh In On Victory Capital

A number of hedge funds have recently bought and sold shares of VCTR. Corient Private Wealth LLC raised its holdings in shares of Victory Capital by 126.8% during the third quarter. Corient Private Wealth LLC now owns 1,046,684 shares of the company’s stock valued at $34,896,000 after purchasing an additional 585,225 shares during the last quarter. Vanguard Group Inc. raised its stake in Victory Capital by 16.4% during the 1st quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock valued at $158,661,000 after buying an additional 527,190 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Victory Capital by 426.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 589,710 shares of the company’s stock valued at $20,310,000 after buying an additional 477,798 shares during the period. Van Berkom & Associates Inc. boosted its stake in shares of Victory Capital by 19.2% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company’s stock worth $60,537,000 after buying an additional 292,225 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in shares of Victory Capital by 35.0% in the first quarter. Bahl & Gaynor Inc. now owns 1,110,948 shares of the company’s stock worth $47,138,000 after acquiring an additional 288,280 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Company Profile

(Get Free Report)

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.

Further Reading

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