Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $75.3750.

VCTR has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Barclays set a $69.00 price target on Victory Capital in a research report on Friday, February 6th. Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Finally, Morgan Stanley decreased their price target on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 3rd.

Victory Capital Price Performance

Shares of Victory Capital stock opened at $69.18 on Friday. The business has a 50 day moving average of $69.52 and a 200 day moving average of $67.13. Victory Capital has a 52 week low of $47.00 and a 52 week high of $77.78. The company has a market cap of $4.49 billion, a PE ratio of 17.00, a P/E/G ratio of 0.73 and a beta of 1.05. The company has a quick ratio of 1.26, a current ratio of 1.47 and a debt-to-equity ratio of 0.40.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The business had revenue of $374.12 million for the quarter, compared to the consensus estimate of $371.09 million. During the same period in the previous year, the firm earned $1.45 EPS. The company’s quarterly revenue was up 61.0% compared to the same quarter last year. As a group, equities research analysts forecast that Victory Capital will post 6.16 earnings per share for the current year.

Victory Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, March 10th. Victory Capital’s payout ratio is currently 48.16%.

Hedge Funds Weigh In On Victory Capital

Several institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its stake in Victory Capital by 2,131.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock worth $27,000 after purchasing an additional 405 shares in the last quarter. Core Wealth Advisors LLC bought a new position in shares of Victory Capital in the fourth quarter worth approximately $30,000. Covestor Ltd grew its holdings in shares of Victory Capital by 99.7% during the fourth quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after buying an additional 334 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Victory Capital by 48.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after acquiring an additional 246 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Victory Capital by 146.4% in the 4th quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after acquiring an additional 511 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors.

About Victory Capital

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.