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

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $51.57.

Several equities research analysts have issued reports on the stock. B. Riley boosted their price target on shares of Victory Capital from $48.00 to $57.00 and gave the company a “buy” rating in a report on Friday, April 19th. BMO Capital Markets reissued an “outperform” rating and issued a $57.00 price target (up previously from $55.00) on shares of Victory Capital in a report on Monday, May 13th. JPMorgan Chase & Co. boosted their price target on shares of Victory Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Bank of America lowered their price target on shares of Victory Capital from $59.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Finally, UBS Group lowered their price target on shares of Victory Capital from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th.

Institutional Investors Weigh In On Victory Capital

Large investors have recently made changes to their positions in the company. Federated Hermes Inc. lifted its position in Victory Capital by 1.3% during the 4th quarter. Federated Hermes Inc. now owns 28,896 shares of the company’s stock worth $995,000 after buying an additional 383 shares in the last quarter. CWM LLC lifted its position in Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after buying an additional 564 shares in the last quarter. Blue Trust Inc. lifted its position in Victory Capital by 93.5% during the 4th quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock worth $41,000 after buying an additional 602 shares in the last quarter. Fiera Capital Corp lifted its position in Victory Capital by 0.9% during the 2nd quarter. Fiera Capital Corp now owns 73,974 shares of the company’s stock valued at $3,531,000 after purchasing an additional 644 shares during the period. Finally, QRG Capital Management Inc. lifted its position in Victory Capital by 7.7% during the 2nd quarter. QRG Capital Management Inc. now owns 9,911 shares of the company’s stock valued at $473,000 after purchasing an additional 709 shares during the period. Institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Down 5.9 %

Shares of VCTR stock opened at $47.21 on Friday. Victory Capital has a 1 year low of $28.66 and a 1 year high of $54.94. The firm’s fifty day simple moving average is $50.30 and its 200 day simple moving average is $44.89. The firm has a market capitalization of $3.05 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 0.61 and a beta of 0.93. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.92.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Thursday, May 9th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The firm had revenue of $215.86 million for the quarter, compared to analyst estimates of $219.14 million. Victory Capital had a net margin of 26.28% and a return on equity of 29.23%. As a group, sell-side analysts predict that Victory Capital will post 5.1 EPS for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th were issued a $0.37 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, June 10th. This represents a $1.48 annualized dividend and a dividend yield of 3.13%. Victory Capital’s dividend payout ratio is presently 45.40%.

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.