Brokerages Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) PT at $65.11

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has received an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $65.11.

A number of brokerages recently weighed in on VCTR. Royal Bank of Canada upped their price target on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. B. Riley reaffirmed a “neutral” rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Morgan Stanley upped their price target on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Barclays upped their price target on shares of Victory Capital from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Finally, BMO Capital Markets upped their price target on shares of Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th.

Victory Capital Stock Down 0.2 %

Shares of NASDAQ VCTR opened at $66.25 on Friday. Victory Capital has a 52-week low of $33.39 and a 52-week high of $73.42. The firm has a fifty day moving average of $66.07 and a 200-day moving average of $58.85. The stock has a market capitalization of $4.31 billion, a PE ratio of 16.48, a P/E/G ratio of 0.56 and a beta of 0.90. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Thursday, November 7th. The company reported $1.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.33. Victory Capital had a net margin of 30.82% and a return on equity of 29.92%. The company had revenue of $225.63 million during the quarter, compared to analysts’ expectations of $225.75 million. During the same period in the previous year, the company earned $1.16 EPS. On average, analysts anticipate that Victory Capital will post 5.24 EPS for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a $0.44 dividend. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Monday, December 9th. Victory Capital’s dividend payout ratio is presently 43.78%.

Institutional Investors Weigh In On Victory Capital

A number of institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its stake in shares of Victory Capital by 113.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after purchasing an additional 1,051,459 shares in the last quarter. State Street Corp raised its stake in shares of Victory Capital by 6.4% in the 3rd quarter. State Street Corp now owns 1,162,842 shares of the company’s stock valued at $64,421,000 after purchasing an additional 69,654 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Victory Capital by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after purchasing an additional 101,247 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Victory Capital by 28.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company’s stock valued at $25,170,000 after purchasing an additional 100,614 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Victory Capital by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company’s stock valued at $20,660,000 after purchasing an additional 11,785 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

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.