Victory Capital Holdings, Inc. (VCTR) to Issue Quarterly Dividend of $0.50 on December 23rd

by · The Markets Daily

Victory Capital Holdings, Inc. (NASDAQ:VCTR – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Thursday, December 10th will be given a dividend of $0.50 per share on Wednesday, December 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, December 10th.

Victory Capital has raised its dividend payment by an average of 0.5% annually over the last three years and has raised its dividend every year for the last 6 years. Victory Capital has a dividend payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Victory Capital to earn $8.22 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 24.3%.

Victory Capital Stock Performance

Shares of VCTR opened at $112.41 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Victory Capital has a one year low of $57.03 and a one year high of $123.55. The firm has a market capitalization of $6.91 billion, a P/E ratio of 20.66, a PEG ratio of 0.56 and a beta of 1.12. The business has a fifty day moving average of $110.82 and a 200 day moving average of $90.07.

Victory Capital (NASDAQ:VCTR – Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). The firm had revenue of $396.57 million during the quarter, compared to the consensus estimate of $411.23 million. Victory Capital had a net margin of 28.58% and a return on equity of 24.46%. As a group, sell-side analysts anticipate that Victory Capital will post 7.78 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Nykredit A S bought a new position in shares of Victory Capital in the second quarter worth about $26,000. CENTRAL TRUST Co grew its position in shares of Victory Capital by 51.1% during the third quarter. CENTRAL TRUST Co now owns 281 shares of the company’s stock worth $31,000 after purchasing an additional 95 shares in the last quarter. Gen Wealth Partners Inc purchased a new stake in shares of Victory Capital during the third quarter worth about $33,000. Root Financial Partners LLC bought a new stake in Victory Capital during the 3rd quarter valued at approximately $34,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Victory Capital during the 2nd quarter valued at approximately $44,000. 87.71% of the stock is currently owned by institutional investors.

About Victory Capital

(Get Free Report)

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.

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