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

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $75.3750.

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Barclays set a $69.00 price target on shares of Victory Capital in a research note on Friday, February 6th. Royal Bank Of Canada lifted their price objective on shares of Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Finally, Morgan Stanley decreased their price objective on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday, February 3rd.

Victory Capital Stock Performance

Shares of VCTR stock opened at $67.02 on Thursday. Victory Capital has a fifty-two week low of $47.00 and a fifty-two week high of $77.78. The stock’s 50-day moving average is $70.49 and its two-hundred day moving average is $66.86. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market cap of $4.35 billion, a P/E ratio of 16.47, a PEG ratio of 0.72 and a beta of 1.04.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.12. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The business had revenue of $374.12 million during the quarter, compared to analyst estimates of $371.09 million. During the same period in the previous year, the company earned $1.45 EPS. The firm’s revenue was up 61.0% on a year-over-year basis. Analysts predict that Victory Capital will post 6.16 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be given a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.9%. Victory Capital’s payout ratio is currently 48.16%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in shares of Victory Capital by 8,812.2% in the third quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock valued at $18,175,000 after purchasing an additional 277,497 shares during the period. AlphaQuest LLC boosted its holdings in shares of Victory Capital by 192.1% during the 3rd quarter. AlphaQuest LLC now owns 21,698 shares of the company’s stock worth $1,405,000 after buying an additional 14,269 shares during the period. Aurora Investment Counsel acquired a new position in Victory Capital in the 3rd quarter valued at $2,205,000. Annex Advisory Services LLC grew its stake in Victory Capital by 4.6% in the 3rd quarter. Annex Advisory Services LLC now owns 544,078 shares of the company’s stock valued at $35,234,000 after buying an additional 24,050 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Victory Capital by 93.8% in the 3rd quarter. Rhumbline Advisers now owns 128,360 shares of the company’s stock worth $8,313,000 after acquiring an additional 62,119 shares during the period. 87.71% of the stock is owned by institutional investors.

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.