Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives $86.00 Consensus Price Target from Brokerages

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has earned an average rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $86.00.

VCTR has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 target price on shares of Victory Capital in a report on Tuesday, May 12th. JPMorgan Chase & Co. upped their price target on shares of Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Barclays raised their price objective on shares of Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Morgan Stanley lifted their price objective on shares of Victory Capital from $76.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Finally, The Goldman Sachs Group began coverage on shares of Victory Capital in a research note on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 price objective on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VCTR. Caitong International Asset Management Co. Ltd boosted its stake in shares of Victory Capital by 19,350.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock worth $25,000 after acquiring an additional 387 shares in the last quarter. Core Wealth Advisors LLC acquired a new position in shares of Victory Capital in the 4th quarter worth $30,000. Covestor Ltd grew its holdings in shares of Victory Capital by 99.7% in the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after acquiring an additional 334 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Victory Capital during the first quarter worth $46,000. Finally, PNC Financial Services Group Inc. raised 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 worth $48,000 after purchasing an additional 246 shares during the period. Institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Performance

Shares of NASDAQ VCTR opened at $87.74 on Friday. Victory Capital has a 1 year low of $57.03 and a 1 year high of $90.19. The firm has a market cap of $5.49 billion, a P/E ratio of 19.76, a PEG ratio of 0.92 and a beta of 1.09. The stock has a fifty day moving average price of $84.55 and a two-hundred day moving average price of $74.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.13.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. The company had revenue of $387.99 million for the quarter, compared to the consensus estimate of $364.97 million. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The company’s quarterly revenue was up 76.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 EPS. Research analysts forecast that Victory Capital will post 7.21 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, June 10th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. Victory Capital’s payout ratio is 45.05%.

Victory Capital Company Profile

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.