Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $64.67 Average Target Price from Analysts

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been assigned an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $64.67.

VCTR has been the subject of a number of recent analyst reports. Barclays lifted their target price on shares of Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. UBS Group raised their target price on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised their target price on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Morgan Stanley upped their target price on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Finally, BMO Capital Markets lifted their price objective on shares of Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, December 19th.

Victory Capital Stock Up 0.6 %

Shares of NASDAQ VCTR opened at $67.08 on Tuesday. The stock’s fifty day simple moving average is $64.74 and its two-hundred day simple moving average is $56.37. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a 12-month low of $32.55 and a 12-month high of $73.42. The stock has a market capitalization of $4.36 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 0.59 and a beta of 0.89.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.62%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, December 9th. Victory Capital’s dividend payout ratio (DPR) is 43.78%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VCTR. Franklin Resources Inc. boosted its holdings in shares of Victory Capital by 113.2% during the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock worth $115,990,000 after purchasing an additional 1,051,459 shares during the last quarter. LSV Asset Management lifted its holdings in Victory Capital by 2.7% in the 2nd quarter. LSV Asset Management now owns 1,294,722 shares of the company’s stock worth $61,797,000 after buying an additional 34,000 shares in the last quarter. Bahl & Gaynor Inc. boosted its holdings in Victory Capital by 8.5% in the second quarter. Bahl & Gaynor Inc. now owns 1,205,601 shares of the company’s stock valued at $57,543,000 after purchasing an additional 94,653 shares during the last quarter. State Street Corp increased its stake in shares of Victory Capital by 6.4% in the third quarter. State Street Corp now owns 1,162,842 shares of the company’s stock worth $64,421,000 after buying an additional 69,654 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Victory Capital by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after purchasing an additional 101,247 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Company Profile

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.