Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR – Get Free Report) have received a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $84.7143.
VCTR has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Victory Capital in a report on Tuesday, May 12th. Barclays increased their price objective on shares of Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. The Goldman Sachs Group assumed coverage on shares of Victory Capital in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th.
Read Our Latest Research Report on VCTR
Victory Capital Stock Down 0.1%
Victory Capital (NASDAQ:VCTR – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.19. The company had revenue of $387.99 million during the quarter, compared to the consensus estimate of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. Victory Capital’s quarterly revenue was up 76.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 EPS. As a group, analysts forecast that Victory Capital will post 7.04 earnings per share for the current fiscal year.
Victory Capital Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, June 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. Victory Capital’s payout ratio is 44.14%.
Institutional Trading of Victory Capital
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. 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 worth $25,000 after purchasing an additional 387 shares during the period. Core Wealth Advisors LLC purchased a new position in shares of Victory Capital during the 4th quarter worth approximately $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 worth $42,000 after purchasing an additional 334 shares during the period. Cassaday & Co Wealth Management LLC purchased a new position in shares of Victory Capital during the 1st quarter worth approximately $46,000. Finally, 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 worth $48,000 after purchasing an additional 246 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.
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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