Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been assigned an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $71.56.

Several analysts have commented on VCTR shares. UBS Group lowered their target price on shares of Victory Capital from $71.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Wall Street Zen cut shares of Victory Capital from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Barclays lifted their target price on shares of Victory Capital from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Monday, May 12th. Royal Bank Of Canada lifted their target price on shares of Victory Capital from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 13th. Finally, Bank of America lowered their target price on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd.

Institutional Investors Weigh In On Victory Capital

Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Victory Capital by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,570 shares of the company’s stock valued at $997,000 after acquiring an additional 5,807 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Victory Capital in the 1st quarter valued at approximately $657,000. KBC Group NV purchased a new stake in shares of Victory Capital in the 1st quarter valued at approximately $131,000. Charles Schwab Investment Management Inc. lifted its position in shares of Victory Capital by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 492,045 shares of the company’s stock valued at $32,209,000 after acquiring an additional 37,715 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Victory Capital by 107.1% in the 4th quarter. Millennium Management LLC now owns 14,973 shares of the company’s stock valued at $980,000 after acquiring an additional 7,744 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Down 2.3%

Shares of VCTR opened at $64.70 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50 day simple moving average of $62.80 and a 200-day simple moving average of $62.06. Victory Capital has a 1-year low of $43.82 and a 1-year high of $73.42. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 0.74 and a beta of 1.03.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.02). Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. The business had revenue of $219.60 million for the quarter, compared to analysts’ expectations of $226.38 million. During the same period last year, the business earned $1.25 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities analysts forecast that Victory Capital will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Tuesday, June 10th. This is an increase from Victory Capital’s previous quarterly dividend of $0.47. Victory Capital’s dividend payout ratio is 43.65%.

About Victory Capital

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.