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

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $74.8889.

Several equities research analysts have issued reports on the stock. Zacks Research downgraded shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. lowered their target price on Victory Capital from $71.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. B. Riley lifted their price target on Victory Capital from $74.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $76.00 price target on shares of Victory Capital in a research note on Tuesday, September 23rd. Finally, Morgan Stanley increased their price objective on Victory Capital from $67.00 to $69.00 and gave the stock a “positive” rating in a research report on Monday, October 6th.

Victory Capital Trading Down 1.4%

Shares of Victory Capital stock opened at $62.76 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.26. The business has a fifty day simple moving average of $63.72 and a two-hundred day simple moving average of $65.80. Victory Capital has a 1 year low of $47.00 and a 1 year high of $73.00. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 0.62 and a beta of 1.11.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Thursday, November 6th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.60 by $0.03. The firm had revenue of $361.20 million for the quarter, compared to the consensus estimate of $361.14 million. Victory Capital had a net margin of 25.27% and a return on equity of 24.23%. The company’s quarterly revenue was up 60.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.35 earnings per share. Research analysts forecast that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th will be paid a $0.49 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $1.96 annualized dividend and a dividend yield of 3.1%. Victory Capital’s dividend payout ratio is 50.00%.

Institutional Trading of Victory Capital

A number of institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its holdings in shares of Victory Capital by 2,131.6% during the second quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock worth $27,000 after purchasing an additional 405 shares during the period. Maseco LLP acquired a new stake in Victory Capital during the second quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd bought a new position in Victory Capital during the 1st quarter worth $41,000. CWM LLC increased its stake in Victory Capital by 29.0% during the 3rd quarter. CWM LLC now owns 973 shares of the company’s stock worth $63,000 after acquiring an additional 219 shares during the period. Finally, AdvisorNet Financial Inc acquired a new position in Victory Capital in the 3rd quarter valued at $65,000. Institutional investors own 87.71% of the company’s stock.

Victory Capital Company Profile

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.