Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $68.33 Consensus PT from Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have received a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $71.44.

A number of equities research analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Bank of America dropped their price target on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday. BMO Capital Markets upped their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their target price on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Finally, Barclays upped their price target on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th.

Victory Capital Price Performance

NASDAQ:VCTR opened at $51.71 on Thursday. The firm’s fifty day moving average is $62.57 and its two-hundred day moving average is $62.79. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 0.55 and a beta of 0.86. Victory Capital has a one year low of $42.10 and a one year high of $73.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Research analysts expect that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 3.64%. Victory Capital’s dividend payout ratio (DPR) is currently 43.02%.

Institutional Investors Weigh In On Victory Capital

Several large investors have recently bought and sold shares of VCTR. Principal Securities Inc. boosted its stake in shares of Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after acquiring an additional 157 shares during the last quarter. Bosun Asset Management LLC lifted its holdings in Victory Capital by 1.4% in the 4th quarter. Bosun Asset Management LLC now owns 13,016 shares of the company’s stock valued at $852,000 after purchasing an additional 176 shares in the last quarter. FMR LLC boosted its stake in Victory Capital by 18.1% during the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after purchasing an additional 206 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Victory Capital by 4.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company’s stock worth $366,000 after buying an additional 218 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its position in shares of Victory Capital by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company’s stock valued at $282,000 after buying an additional 273 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.