Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have received an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $75.00.

A number of equities analysts recently issued reports on VCTR shares. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, October 8th. Zacks Research lowered shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Bank of America boosted their price objective on shares of Victory Capital from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. reduced their target price on shares of Victory Capital from $71.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, Barclays dropped their price objective on Victory Capital from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st.

Victory Capital Stock Performance

NASDAQ:VCTR opened at $64.10 on Friday. The firm has a market capitalization of $4.16 billion, a PE ratio of 16.35, a PEG ratio of 0.62 and a beta of 1.07. The stock’s fifty day moving average is $62.98 and its 200 day moving average is $65.91. Victory Capital has a fifty-two week low of $47.00 and a fifty-two week high of $73.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.26 and a current ratio of 1.26.

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

Victory Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th were paid a dividend of $0.49 per share. The ex-dividend date was Wednesday, December 10th. This represents a $1.96 annualized dividend and a dividend yield of 3.1%. Victory Capital’s dividend payout ratio (DPR) is currently 50.00%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Amundi purchased a new stake in shares of Victory Capital in the 2nd quarter worth approximately $213,219,000. Vanguard Group Inc. lifted its holdings in Victory Capital by 12.2% during the third quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock worth $307,073,000 after buying an additional 515,845 shares during the period. Geode Capital Management LLC boosted its position in Victory Capital by 26.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,359,120 shares of the company’s stock valued at $86,545,000 after acquiring an additional 285,137 shares in the last quarter. Principal Financial Group Inc. boosted its position in Victory Capital by 8,812.2% during the 3rd quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock valued at $18,175,000 after acquiring an additional 277,497 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Victory Capital by 163.6% in the 3rd quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock valued at $27,971,000 after acquiring an additional 268,061 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.