Brokerages Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) PT at $68.33

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have received a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $71.44.

Several research firms have recently commented on VCTR. BMO Capital Markets boosted their price target on shares of Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. boosted their price objective on shares of Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Bank of America dropped their target price on Victory Capital from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday. B. Riley reissued a “neutral” rating and issued a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Finally, Morgan Stanley raised their price objective on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th.

Victory Capital Trading Down 5.8 %

Shares of NASDAQ:VCTR opened at $51.71 on Thursday. Victory Capital has a 12-month low of $42.10 and a 12-month high of $73.42. The company has a market cap of $3.29 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86. The stock has a 50 day moving average of $62.57 and a 200 day moving average of $62.79. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. As a group, equities research analysts expect that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 3.64%. Victory Capital’s dividend payout ratio (DPR) is 43.02%.

Institutional Investors Weigh In On Victory Capital

A number of large investors have recently modified their holdings of VCTR. Moody National Bank Trust Division grew its position in Victory Capital by 0.4% during the 1st quarter. Moody National Bank Trust Division now owns 81,175 shares of the company’s stock worth $4,698,000 after purchasing an additional 291 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Victory Capital during the first quarter worth $34,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Victory Capital during the fourth quarter valued at $6,523,000. Jefferies Financial Group Inc. acquired a new position in shares of Victory Capital in the 4th quarter valued at $389,000. Finally, Windmill Hill Asset Management Ltd acquired a new position in shares of Victory Capital in the 4th quarter valued at $910,000. Hedge funds and other institutional investors 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.