Victory Capital Holdings, Inc. (NASDAQ:VCTR – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $118.83 and last traded at $118.35, with a volume of 9935 shares changing hands. The stock had previously closed at $118.24.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Royal Bank Of Canada boosted their price target on Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, August 7th. JPMorgan Chase & Co. increased their price objective on Victory Capital from $87.00 to $101.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings raised Victory Capital from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. The Goldman Sachs Group restated a “neutral” rating and issued a $100.00 target price on shares of Victory Capital in a research note on Friday, August 7th. Finally, Zacks Research upgraded shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.29.
Get Our Latest Analysis on Victory Capital
Victory Capital Stock Up 0.3%
Victory Capital (NASDAQ:VCTR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.42. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%.The firm had revenue of $435.36 million during the quarter, compared to the consensus estimate of $386.09 million. As a group, sell-side analysts forecast that Victory Capital Holdings, Inc. will post 7.63 earnings per share for the current fiscal year.
Victory Capital Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.7%. Victory Capital’s dividend payout ratio (DPR) is currently 36.76%.
Institutional Trading of Victory Capital
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position in Victory Capital by 19,350.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock worth $25,000 after buying an additional 387 shares during the last quarter. Core Wealth Advisors LLC bought a new stake in Victory Capital in the 4th quarter valued at $30,000. Covestor Ltd lifted its holdings in Victory Capital by 99.7% during the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after purchasing an additional 334 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Victory Capital during the 1st quarter valued at $46,000. Finally, PNC Financial Services Group Inc. boosted its position in Victory Capital by 48.5% during the fourth 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. 87.71% of the stock is owned by institutional investors.
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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