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 recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $75.1111.

A number of equities analysts have commented on VCTR shares. Zacks Research downgraded shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Morgan Stanley lifted their price target on shares of Victory Capital from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Barclays cut their target price on Victory Capital from $72.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Finally, JPMorgan Chase & Co. lifted their target price on Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th.

Institutional Investors Weigh In On Victory Capital

A number of institutional investors have recently made changes to their positions in VCTR. Nisa Investment Advisors LLC increased its holdings in Victory Capital by 2,131.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Victory Capital by 146.4% during the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after buying an additional 511 shares during the period. CWM LLC grew its stake in shares of Victory Capital by 29.0% in the third quarter. CWM LLC now owns 973 shares of the company’s stock valued at $63,000 after buying an additional 219 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of Victory Capital in the 3rd quarter valued at $65,000. Finally, Quantbot Technologies LP raised its holdings in shares of Victory Capital by 206.0% in the 2nd quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock valued at $78,000 after buying an additional 824 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Performance

NASDAQ VCTR opened at $68.86 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s fifty day moving average is $64.77 and its two-hundred day moving average is $66.42. The firm has a market capitalization of $4.47 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 0.68 and a beta of 1.07. Victory Capital has a fifty-two week low of $47.00 and a fifty-two week high of $73.00.

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

Victory Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.8%. The ex-dividend date was Wednesday, December 10th. Victory Capital’s payout ratio is 50.00%.

About Victory Capital

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.