Analysts Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) PT at $75.38

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have received an average recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $76.00.

A number of equities analysts recently issued reports on VCTR shares. Morgan Stanley decreased their target price on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada increased their target price on shares of Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. Finally, Wall Street Zen lowered shares of Victory Capital from a “buy” rating to a “hold” rating in a research report on Monday, April 6th.

Hedge Funds Weigh In On Victory Capital

A number of institutional investors and hedge funds have recently bought and sold shares of VCTR. Caitong International Asset Management Co. Ltd boosted its position 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 valued at $25,000 after purchasing an additional 387 shares in the last quarter. Core Wealth Advisors LLC bought a new position in shares of Victory Capital during the 4th quarter valued at about $30,000. Covestor Ltd boosted its position in shares of Victory Capital by 99.7% during the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after purchasing an additional 334 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Victory Capital by 48.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after purchasing an additional 246 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Victory Capital by 146.4% during the 4th quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock valued at $54,000 after purchasing an additional 511 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Up 2.5%

Victory Capital stock opened at $73.87 on Monday. The company has a 50-day simple moving average of $69.93 and a 200-day simple moving average of $66.71. The firm has a market capitalization of $4.73 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.04 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.47 and a current ratio of 1.47. Victory Capital has a one year low of $53.65 and a one year high of $77.78.

Victory Capital (NASDAQ:VCTR) last announced its earnings results 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. The firm had revenue of $374.12 million during the quarter, compared to analyst estimates of $371.09 million. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. Victory Capital’s revenue was up 61.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 EPS. As a group, equities analysts expect that Victory Capital will post 6.16 earnings per share for the current year.

Victory Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, March 10th. Victory Capital’s dividend payout ratio is currently 48.16%.

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.