Victory Capital (NASDAQ:VCTR) Reaches New 12-Month High – Should You Buy?

Victory Capital Holdings, Inc. (NASDAQ:VCTR)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $90.22 and last traded at $90.2550, with a volume of 246038 shares. The stock had previously closed at $87.74.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group initiated coverage on Victory Capital in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 price objective for the company. Morgan Stanley increased their price target on Victory Capital from $76.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. raised their price target on Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Barclays increased their price objective on Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $86.00.

Victory Capital Trading Up 2.9%

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day simple moving average of $84.55 and a two-hundred day simple moving average of $74.32. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 0.92 and a beta of 1.09.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.19. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The company had revenue of $387.99 million during the quarter, compared to analysts’ expectations of $364.97 million. During the same period last year, the firm posted $1.36 earnings per share. The business’s revenue was up 76.7% on a year-over-year basis. Equities analysts forecast that Victory Capital Holdings, Inc. will post 7.21 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were issued a dividend of $0.50 per share. This is a boost from Victory Capital’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, June 10th. Victory Capital’s dividend payout ratio is presently 45.05%.

Hedge Funds Weigh In On Victory Capital

Several institutional investors and hedge funds have recently modified their holdings of the business. Gamco Investors INC. ET AL lifted its holdings in shares of Victory Capital by 1.0% during the first quarter. Gamco Investors INC. ET AL now owns 13,294 shares of the company’s stock worth $870,000 after purchasing an additional 134 shares during the period. Planned Solutions Inc. boosted its position in shares of Victory Capital by 4.6% during the 4th quarter. Planned Solutions Inc. now owns 3,546 shares of the company’s stock valued at $224,000 after purchasing an additional 155 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Victory Capital by 1.6% during the 2nd quarter. Baird Financial Group Inc. now owns 10,332 shares of the company’s stock valued at $658,000 after acquiring an additional 163 shares during the period. American Century Companies Inc. increased its stake in Victory Capital by 1.9% in the second quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock valued at $757,000 after purchasing an additional 217 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in Victory Capital by 2.6% during the 4th quarter. ProShare Advisors LLC now owns 8,654 shares of the company’s stock worth $546,000 after buying an additional 222 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

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.