Victory Capital (NASDAQ:VCTR) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $111.01 and traded as high as $113.00. Victory Capital shares last traded at $111.87, with a volume of 374,861 shares traded.

Analyst Ratings Changes

VCTR has been the subject of a number of research analyst reports. Barclays boosted their target price on Victory Capital from $112.00 to $121.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 14th. Royal Bank Of Canada upped their price target on Victory Capital from $107.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings upgraded Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. The Goldman Sachs Group increased their price target on Victory Capital from $100.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Finally, JPMorgan Chase & Co. raised their price objective on Victory Capital from $101.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $118.67.

Victory Capital Price Performance

The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $111.01 and a 200 day simple moving average of $88.67. The stock has a market capitalization of $6.88 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 0.50 and a beta of 1.12.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.42. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. The company had revenue of $435.36 million for the quarter, compared to analyst estimates of $386.09 million. On average, analysts expect that Victory Capital Holdings, Inc. will post 7.76 earnings per share for the current year.

Victory Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 10th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, September 10th. This represents a $2.00 annualized dividend and a yield of 1.8%. Victory Capital’s dividend payout ratio (DPR) is 36.76%.

Hedge Funds Weigh In On Victory Capital

A number of hedge funds have recently bought and sold shares of VCTR. State of Wyoming bought a new stake in shares of Victory Capital in the 3rd quarter worth $310,000. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Victory Capital by 286.6% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 25,900 shares of the company’s stock worth $2,865,000 after purchasing an additional 19,200 shares in the last quarter. Hanseatic Management Services Inc. bought a new stake in Victory Capital in the 3rd quarter worth about $1,050,000. Signaturefd LLC grew its position in Victory Capital by 71.6% in the 3rd quarter. Signaturefd LLC now owns 1,690 shares of the company’s stock worth $187,000 after purchasing an additional 705 shares in the last quarter. Finally, Evanson Financial LLC purchased a new stake in Victory Capital in the 3rd quarter valued at about $5,761,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Company Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.