Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $82.7143.
Several research firms have issued reports on VCTR. Wall Street Zen cut Victory Capital from a “buy” rating to a “hold” rating in a research report on Monday, April 6th. Barclays upped their price target on Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research note on Monday, April 20th. Morgan Stanley set a $76.00 price objective on shares of Victory Capital in a report on Friday, May 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 price objective on shares of Victory Capital in a research note on Tuesday.
View Our Latest Research Report on VCTR
Hedge Funds Weigh In On Victory Capital
Victory Capital Stock Performance
Shares of VCTR stock opened at $87.93 on Friday. The firm’s 50 day moving average price is $71.88 and its 200-day moving average price is $68.43. Victory Capital has a one year low of $57.03 and a one year high of $88.73. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $5.63 billion, a P/E ratio of 19.80, a P/E/G ratio of 0.98 and a beta of 1.09.
Victory Capital (NASDAQ:VCTR – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The firm had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. During the same period in the prior year, the firm earned $1.36 earnings per share. The business’s quarterly revenue was up 76.7% compared to the same quarter last year. As a group, equities research analysts predict that Victory Capital will post 6.73 EPS for the current year.
Victory Capital Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. Victory Capital’s dividend payout ratio is currently 44.14%.
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.
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