Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR – Get Free Report) have been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $65.11.
VCTR has been the topic of several research reports. B. Riley restated a “neutral” rating and set a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Barclays raised their price target on Victory Capital from $69.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. BMO Capital Markets raised their price target on Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. The Goldman Sachs Group raised their price target on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada raised their price target on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th.
View Our Latest Stock Report on Victory Capital
Victory Capital Stock Performance
Victory Capital (NASDAQ:VCTR – Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $1.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.33. Victory Capital had a return on equity of 29.92% and a net margin of 30.82%. The business had revenue of $225.63 million for the quarter, compared to analyst estimates of $225.75 million. During the same quarter last year, the firm posted $1.16 earnings per share. Analysts predict that Victory Capital will post 5.24 earnings per share for the current year.
Victory Capital Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Monday, December 9th. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio (DPR) is currently 43.78%.
Institutional Investors Weigh In On Victory Capital
Several institutional investors have recently added to or reduced their stakes in VCTR. Franklin Resources Inc. boosted its holdings in Victory Capital by 113.2% in the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock worth $115,990,000 after acquiring an additional 1,051,459 shares in the last quarter. Annex Advisory Services LLC boosted its holdings in Victory Capital by 599.7% in the fourth quarter. Annex Advisory Services LLC now owns 173,562 shares of the company’s stock worth $11,361,000 after acquiring an additional 148,756 shares in the last quarter. Royce & Associates LP acquired a new stake in Victory Capital in the third quarter worth about $7,755,000. Geode Capital Management LLC boosted its holdings in Victory Capital by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock worth $57,446,000 after acquiring an additional 101,247 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Victory Capital by 28.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company’s stock worth $25,170,000 after acquiring an additional 100,614 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.
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.
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