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

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

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their price target 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Zacks Research cut shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Morgan Stanley dropped their price target on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 3rd. Finally, Royal Bank Of Canada upped their price objective on shares of Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th.

Victory Capital Stock Down 0.5%

Shares of NASDAQ VCTR opened at $75.59 on Friday. The stock has a market cap of $4.91 billion, a PE ratio of 18.57, a P/E/G ratio of 0.79 and a beta of 1.05. The company has a current ratio of 1.47, a quick ratio of 1.26 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $68.49 and a 200 day moving average of $67.00. Victory Capital has a 12-month low of $47.00 and a 12-month high of $77.78.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $371.09 million. During the same period in the prior year, the firm posted $1.45 EPS. The business’s quarterly revenue was up 61.0% compared to the same quarter last year. As a group, sell-side analysts predict that Victory Capital will post 6.16 EPS for the current fiscal year.

Victory Capital Dividend Announcement

The firm also recently disclosed 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 is Tuesday, March 10th. This represents a $1.96 annualized dividend and a yield of 2.6%. Victory Capital’s dividend payout ratio is presently 48.16%.

Hedge Funds Weigh In On Victory Capital

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mcguire Capital Advisors Inc. acquired a new stake in shares of Victory Capital in the fourth quarter valued at about $62,000. Mercer Global Advisors Inc. ADV lifted its position in shares of Victory Capital by 5.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,190 shares of the company’s stock valued at $454,000 after acquiring an additional 375 shares during the period. Caitlin John LLC purchased a new stake in shares of Victory Capital during the 4th quarter worth approximately $386,000. Vident Advisory LLC grew its holdings in shares of Victory Capital by 8.8% in the 4th quarter. Vident Advisory LLC now owns 13,157 shares of the company’s stock worth $830,000 after acquiring an additional 1,069 shares during the period. Finally, State of Tennessee Department of Treasury grew its holdings in shares of Victory Capital by 19.3% in the 4th quarter. State of Tennessee Department of Treasury now owns 10,834 shares of the company’s stock worth $684,000 after acquiring an additional 1,749 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

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.