Brokerages Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) Target Price at $68.33

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been given an average recommendation of “Hold” by the nine research firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $68.33.

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Barclays lifted their target price on Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Morgan Stanley raised their price target on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. BMO Capital Markets lifted their price objective on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group upped their target price on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VCTR. World Investment Advisors LLC acquired a new position in shares of Victory Capital in the 3rd quarter valued at $918,000. Geode Capital Management LLC grew its stake in Victory Capital by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after acquiring an additional 101,247 shares during the period. McIlrath & Eck LLC bought a new stake in shares of Victory Capital in the third quarter worth about $565,000. Royce & Associates LP acquired a new stake in shares of Victory Capital during the third quarter worth about $7,755,000. Finally, Bank of Montreal Can raised its position in shares of Victory Capital by 282.0% during the third quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock worth $2,412,000 after purchasing an additional 32,079 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Stock Performance

Shares of NASDAQ VCTR opened at $56.52 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. The business’s 50 day moving average is $64.84 and its two-hundred day moving average is $62.09. Victory Capital has a 12 month low of $39.31 and a 12 month high of $73.42. The company has a market cap of $3.68 billion, a P/E ratio of 12.93, a P/E/G ratio of 0.55 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR) last announced its quarterly 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 net margin of 32.33% and a return on equity of 31.08%. On average, equities analysts expect that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.33%. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. Victory Capital’s dividend payout ratio (DPR) is currently 43.02%.

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.