Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $63.67 Consensus Price Target from Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $63.67.

VCTR has been the subject of a number of analyst reports. BMO Capital Markets upped their price objective on shares of Victory Capital from $69.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Barclays upped their price target on shares of Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. The Goldman Sachs Group boosted their price target on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Bank of America increased their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, UBS Group upped their price target on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

Institutional Investors Weigh In On Victory Capital

A number of institutional investors and hedge funds have recently modified their holdings of VCTR. CWM LLC raised its stake in shares of Victory Capital by 486.2% in the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after purchasing an additional 564 shares during the period. Contravisory Investment Management Inc. boosted its stake in shares of Victory Capital by 53.2% during the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after acquiring an additional 199 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after buying an additional 452 shares during the last quarter. USA Financial Formulas boosted its holdings in Victory Capital by 157.9% in the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after purchasing an additional 676 shares during the period. Finally, Amalgamated Bank raised its position in shares of Victory Capital by 50.7% in the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after buying an additional 479 shares in the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Stock Down 3.5 %

Shares of VCTR opened at $69.48 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a fifty-two week low of $31.71 and a fifty-two week high of $73.42. The firm has a market cap of $4.52 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 0.61 and a beta of 0.90. The company’s fifty day moving average is $61.46 and its two-hundred day moving average is $54.64.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.44 per share. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Monday, December 9th. Victory Capital’s dividend payout ratio is 43.78%.

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.