Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $74.00.

Several research firms have recently commented on VCTR. Morgan Stanley raised their target price on shares of Victory Capital from $67.00 to $69.00 and gave the stock a “positive” rating in a research note on Monday, October 6th. Zacks Research upgraded shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $76.00 price objective on shares of Victory Capital in a research note on Tuesday, September 23rd. B. Riley raised their price objective on shares of Victory Capital from $74.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research note on Friday.

Institutional Trading of Victory Capital

Several hedge funds and other institutional investors have recently made changes to their positions in VCTR. Nisa Investment Advisors LLC lifted its stake in shares of Victory Capital by 2,131.6% in the second quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares during the period. Maseco LLP purchased a new position in Victory Capital during the 2nd quarter valued at about $30,000. Caitong International Asset Management Co. Ltd purchased a new position in Victory Capital during the 1st quarter valued at about $41,000. CWM LLC increased its holdings in Victory Capital by 29.0% during the 3rd quarter. CWM LLC now owns 973 shares of the company’s stock valued at $63,000 after acquiring an additional 219 shares in the last quarter. Finally, AdvisorNet Financial Inc purchased a new position in Victory Capital during the 3rd quarter valued at about $65,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Stock Up 0.6%

VCTR stock opened at $63.57 on Monday. Victory Capital has a one year low of $47.00 and a one year high of $73.42. The stock has a market capitalization of $4.25 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.64 and a beta of 1.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.37 and a current ratio of 1.37. The company has a fifty day moving average of $68.00 and a 200-day moving average of $65.00.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Thursday, August 7th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The company had revenue of $351.21 million during the quarter, compared to analysts’ expectations of $348.89 million. During the same quarter last year, the business earned $1.31 EPS. The business’s revenue was up 59.9% on a year-over-year basis. As a group, analysts expect that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Wednesday, September 10th were paid a $0.49 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $1.96 annualized dividend and a dividend yield of 3.1%. Victory Capital’s dividend payout ratio (DPR) is 48.40%.

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.