Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Average Recommendation of “Hold” by Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have received an average recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $65.11.

VCTR has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Morgan Stanley lifted 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 report on Friday, December 20th. Barclays increased their price objective on shares of Victory Capital from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday. UBS Group lifted their target price on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets increased their price target 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 Trading Up 0.9 %

Shares of NASDAQ:VCTR opened at $66.18 on Friday. The company has a 50-day simple moving average of $65.88 and a 200 day simple moving average of $58.19. The company has a market capitalization of $4.30 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 0.45 and a beta of 0.90. 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 has a 52-week low of $33.39 and a 52-week high of $73.42.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Monday, December 9th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio is presently 43.78%.

Institutional Investors Weigh In On Victory Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Contravisory Investment Management Inc. grew its position in Victory Capital by 53.2% during the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after buying an additional 199 shares in the last quarter. Farther Finance Advisors LLC grew its holdings 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 purchasing an additional 452 shares in the last quarter. USA Financial Formulas increased its position in shares of Victory Capital by 157.9% in the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after purchasing an additional 676 shares during the period. Amalgamated Bank raised its stake in 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 purchasing an additional 479 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Victory Capital during the third quarter worth about $72,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

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.