Victory Capital Holdings, Inc. (NASDAQ:VCTR – Get Free Report)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $89.70 and last traded at $88.8150, with a volume of 62264 shares traded. The stock had previously closed at $87.40.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on VCTR shares. The Goldman Sachs Group started coverage on shares of Victory Capital in a research note on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 target price on the stock. Barclays raised their target price on shares of Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research note on Monday, April 20th. Morgan Stanley set a $76.00 target price on shares of Victory Capital in a research note on Friday, May 1st. Finally, Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Victory Capital currently has a consensus rating of “Hold” and an average price target of $84.71.
Check Out Our Latest Stock Analysis on VCTR
Victory Capital Stock Performance
Victory Capital (NASDAQ:VCTR – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.19. The business had revenue of $387.99 million during the quarter, compared to analyst estimates of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The business’s revenue was up 76.7% on a year-over-year basis. During the same period last year, the business earned $1.36 EPS. As a group, equities analysts forecast that Victory Capital Holdings, Inc. 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. Investors of record on Wednesday, June 10th will be issued a dividend of $0.50 per share. 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 (DPR) is 45.05%.
Institutional Investors Weigh In On Victory Capital
Large investors have recently added to or reduced their stakes in the company. Impax Asset Management Group plc grew its holdings in Victory Capital by 8.3% during the 4th quarter. Impax Asset Management Group plc now owns 650,000 shares of the company’s stock valued at $41,008,000 after purchasing an additional 50,000 shares in the last quarter. Travelers Companies Inc. acquired a new stake in Victory Capital during the 3rd quarter valued at $1,397,000. Aurora Investment Counsel acquired a new stake in Victory Capital during the 3rd quarter valued at $2,205,000. Rhumbline Advisers grew its holdings in Victory Capital by 93.8% during the 3rd quarter. Rhumbline Advisers now owns 128,360 shares of the company’s stock valued at $8,313,000 after purchasing an additional 62,119 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Victory Capital during the 3rd quarter worth $4,140,000. 87.71% of the stock is 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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