Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTRGet Free Report) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $49.57.

A number of research firms recently issued reports on VCTR. Morgan Stanley lifted their target price on Victory Capital from $32.00 to $39.00 and gave the stock an “underweight” rating in a report on Wednesday, May 15th. B. Riley lifted their target price on Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Royal Bank of Canada lifted their target price on Victory Capital from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. UBS Group lifted their target price on Victory Capital from $37.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Finally, JPMorgan Chase & Co. lifted their target price on Victory Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, May 13th.

Check Out Our Latest Stock Report on Victory Capital

Hedge Funds Weigh In On Victory Capital

A number of institutional investors have recently bought and sold shares of VCTR. Principal Financial Group Inc. increased its stake in Victory Capital by 46.1% in the 3rd quarter. Principal Financial Group Inc. now owns 20,832 shares of the company’s stock worth $695,000 after purchasing an additional 6,574 shares in the last quarter. Victory Capital Management Inc. grew its stake in Victory Capital by 57.5% during the 3rd quarter. Victory Capital Management Inc. now owns 10,914 shares of the company’s stock valued at $364,000 after acquiring an additional 3,986 shares in the last quarter. Arizona State Retirement System grew its stake in Victory Capital by 14.0% during the 3rd quarter. Arizona State Retirement System now owns 7,618 shares of the company’s stock valued at $254,000 after acquiring an additional 934 shares in the last quarter. Barclays PLC grew its stake in Victory Capital by 11.7% during the 3rd quarter. Barclays PLC now owns 37,559 shares of the company’s stock valued at $1,251,000 after acquiring an additional 3,938 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in Victory Capital by 9.1% during the 3rd quarter. New York State Common Retirement Fund now owns 90,780 shares of the company’s stock valued at $3,027,000 after acquiring an additional 7,608 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $49.47 on Friday. Victory Capital has a fifty-two week low of $28.66 and a fifty-two week high of $54.94. The firm’s 50-day simple moving average is $48.88 and its 200 day simple moving average is $40.26. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.92. The stock has a market cap of $3.20 billion, a P/E ratio of 15.17, a P/E/G ratio of 0.55 and a beta of 0.93.

Victory Capital (NASDAQ:VCTRGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. Victory Capital had a net margin of 26.28% and a return on equity of 29.23%. The business had revenue of $215.86 million for the quarter, compared to analysts’ expectations of $219.14 million. Equities analysts expect that Victory Capital will post 5.18 EPS for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Monday, June 10th will be paid a $0.37 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.48 dividend on an annualized basis and a yield of 2.99%. This is a boost from Victory Capital’s previous quarterly dividend of $0.34. Victory Capital’s dividend payout ratio (DPR) is currently 41.10%.

About Victory Capital

(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.

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Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

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