Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR – Get Free Report) have been assigned an average rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $86.00.
A number of research analysts recently commented on the stock. 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 research note on Friday, May 8th. Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Barclays boosted their price objective on Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research note on Monday, April 20th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Victory Capital in a report on Tuesday, May 12th.
Read Our Latest Stock Report on Victory Capital
Victory Capital Trading Up 2.0%
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 the consensus estimate of $1.63 by $0.19. The firm had revenue of $387.99 million for 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%. The company’s quarterly revenue was up 76.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 earnings per share. Research analysts forecast that Victory Capital will post 7.21 EPS for the current year.
Victory Capital Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. Victory Capital’s payout ratio is currently 45.05%.
Hedge Funds Weigh In On Victory Capital
Institutional investors and hedge funds have recently modified their holdings of the business. Amundi bought a new position in Victory Capital during the fourth quarter worth about $192,735,000. Vanguard Group Inc. grew its position in shares of Victory Capital by 12.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock worth $307,073,000 after purchasing an additional 515,845 shares in the last quarter. FIL Ltd bought a new position in shares of Victory Capital during the fourth quarter worth approximately $26,813,000. Invesco Ltd. increased its holdings in shares of Victory Capital by 163.6% during the third quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock worth $27,971,000 after purchasing an additional 268,061 shares during the period. Finally, Voloridge Investment Management LLC raised its position in shares of Victory Capital by 747.2% in the third quarter. Voloridge Investment Management LLC now owns 299,862 shares of the company’s stock valued at $19,419,000 after buying an additional 264,468 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.
About Victory Capital
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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