Victory Capital Holdings, Inc. (NASDAQ:VCTR) Plans Dividend Increase – $0.47 Per Share

Victory Capital Holdings, Inc. (NASDAQ:VCTR) announced a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.47 per share on Monday, March 10th. This represents a $1.88 annualized dividend and a yield of 2.66%. The ex-dividend date is Tuesday, February 18th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44.

Victory Capital has raised its dividend by an average of 43.2% annually over the last three years. Victory Capital has a payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Victory Capital to earn $6.68 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 26.3%.

Victory Capital Stock Up 7.5 %

VCTR stock opened at $70.58 on Friday. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The business’s 50 day moving average price is $65.43 and its two-hundred day moving average price is $59.77. Victory Capital has a fifty-two week low of $34.49 and a fifty-two week high of $73.42.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. As a group, analysts forecast that Victory Capital will post 6.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. B. Riley reissued a “neutral” rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Barclays lifted their target price on shares of Victory Capital from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. The Goldman Sachs Group upped their price target 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 lifted their price objective on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Finally, BMO Capital Markets increased their target price on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $65.11.

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.