Victory Capital Holdings, Inc. (NASDAQ:VCTR) to Issue Quarterly Dividend of $0.49

Victory Capital Holdings, Inc. (NASDAQ:VCTR) announced a quarterly dividend on Thursday, November 6th. Shareholders of record on Wednesday, December 10th will be given a dividend of 0.49 per share on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, December 10th.

Victory Capital has increased its dividend by an average of 0.7%annually over the last three years and has increased its dividend every year for the last 6 years. Victory Capital has a dividend payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Victory Capital to earn $6.87 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 28.5%.

Victory Capital Stock Down 1.8%

Victory Capital stock traded down $1.12 during midday trading on Friday, reaching $60.56. The stock had a trading volume of 307,779 shares, compared to its average volume of 453,724. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.39. Victory Capital has a 12 month low of $47.00 and a 12 month high of $73.42. The company has a fifty day moving average price of $66.46 and a two-hundred day moving average price of $65.33. The company has a market capitalization of $4.04 billion, a P/E ratio of 14.96, a PEG ratio of 0.63 and a beta of 1.10.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Thursday, November 6th. The company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.03. The firm had revenue of $361.20 million for the quarter, compared to analyst estimates of $361.14 million. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The business’s quarterly revenue was up 60.1% compared to the same quarter last year. During the same period last year, the firm earned $1.35 earnings per share. As a group, equities analysts expect that Victory Capital will post 6.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation National Association UT bought a new position in shares of Victory Capital during the 3rd quarter valued at about $81,000. Vanguard Group Inc. lifted its position in Victory Capital by 12.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock worth $307,073,000 after buying an additional 515,845 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Victory Capital by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 113,392 shares of the company’s stock worth $7,343,000 after buying an additional 668 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Victory Capital by 132.1% in the third quarter. Public Sector Pension Investment Board now owns 336,740 shares of the company’s stock worth $21,807,000 after buying an additional 191,674 shares in the last quarter. Finally, Illinois Municipal Retirement Fund bought a new position in Victory Capital during the third quarter valued at approximately $1,656,000. 87.71% of the stock is owned by institutional investors.

About Victory Capital

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.