Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $64.67.

A number of research firms have issued reports on VCTR. Royal Bank of Canada increased their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. UBS Group increased their price objective on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Barclays boosted their target price on Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Morgan Stanley increased their price target 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. Finally, The Goldman Sachs Group boosted their price objective on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th.

Victory Capital Stock Down 0.9 %

Shares of VCTR opened at $65.67 on Tuesday. The company’s 50-day simple moving average is $65.07 and its 200-day simple moving average is $56.79. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital has a 1 year low of $32.55 and a 1 year high of $73.42. The stock has a market capitalization of $4.27 billion, a PE ratio of 16.34, a P/E/G ratio of 0.59 and a beta of 0.89.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a $0.44 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Monday, December 9th. Victory Capital’s dividend payout ratio is currently 43.78%.

Institutional Trading of Victory Capital

Institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. grew its position 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 buying an additional 1,051,459 shares during the last quarter. LSV Asset Management boosted its stake in Victory Capital by 2.7% in the second quarter. LSV Asset Management now owns 1,294,722 shares of the company’s stock valued at $61,797,000 after acquiring an additional 34,000 shares in the last quarter. Bahl & Gaynor Inc. grew its holdings in shares of Victory Capital by 8.5% during the second quarter. Bahl & Gaynor Inc. now owns 1,205,601 shares of the company’s stock worth $57,543,000 after purchasing an additional 94,653 shares during the last quarter. State Street Corp increased its position in shares of Victory Capital by 6.4% during the third quarter. State Street Corp now owns 1,162,842 shares of the company’s stock worth $64,421,000 after purchasing an additional 69,654 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings 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 during the last quarter. 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.