Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $75.00 Average Price Target from Brokerages

by · The Cerbat Gem

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $75.00.

A number of research analysts have commented on the company. Morgan Stanley boosted their price objective on Victory Capital from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Barclays reduced their price target on Victory Capital from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 21st. Zacks Research downgraded shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. The Goldman Sachs Group reiterated a “buy” rating and set a $76.00 price objective on shares of Victory Capital in a research note on Tuesday, September 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, October 8th.

View Our Latest Research Report on Victory Capital

Victory Capital Trading Down 1.4%

Shares of VCTR stock opened at $66.04 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.41. Victory Capital has a fifty-two week low of $47.00 and a fifty-two week high of $73.00. The firm’s 50 day moving average price is $63.13 and its two-hundred day moving average price is $66.02. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07.

Victory Capital (NASDAQ:VCTR – Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $1.63 EPS for the quarter, beating 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 business had revenue of $361.20 million for the quarter, compared to the consensus estimate of $361.14 million. During the same quarter last year, the firm posted $1.35 EPS. The business’s revenue for the quarter was up 60.1% compared to the same quarter last year. On average, analysts anticipate that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, December 10th. Victory Capital’s dividend payout ratio is presently 50.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VCTR. Vanguard Group Inc. grew its stake in Victory Capital by 12.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock valued at $307,073,000 after purchasing an additional 515,845 shares in the last quarter. Capital World Investors grew its position in shares of Victory Capital by 4.1% during the third quarter. Capital World Investors now owns 3,612,269 shares of the company’s stock worth $233,931,000 after buying an additional 143,615 shares in the last quarter. Amundi bought a new stake in shares of Victory Capital in the second quarter worth $213,219,000. Bahl & Gaynor Inc. increased its stake in shares of Victory Capital by 4.8% in the third quarter. Bahl & Gaynor Inc. now owns 1,723,897 shares of the company’s stock worth $111,640,000 after buying an additional 79,013 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Victory Capital by 7.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,523,324 shares of the company’s stock valued at $98,652,000 after acquiring an additional 102,828 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

About Victory Capital

(Get Free Report)

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.

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