Victory Capital Holdings, Inc. (VCTR) To Go Ex-Dividend on June 10th

Victory Capital Holdings, Inc. (NASDAQ:VCTR) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Wednesday, June 10th will be given a dividend of 0.50 per share on Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a 2.0% increase from Victory Capital’s previous quarterly dividend of $0.49.

Victory Capital has increased its dividend payment by an average of 0.5%annually over the last three years and has raised its dividend every year for the last 6 years. Victory Capital has a payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Victory Capital to earn $7.29 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 26.9%.

Victory Capital Price Performance

Victory Capital stock opened at $83.69 on Friday. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 1.19 and a beta of 1.09. Victory Capital has a 52-week low of $57.03 and a 52-week high of $88.42. The stock’s 50 day moving average price is $70.35 and its two-hundred day moving average price is $67.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.47 and a current ratio of 1.47.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. The firm had revenue of $387.99 million for the quarter, compared to analysts’ expectations of $364.97 million. Victory Capital had a return on equity of 21.99% and a net margin of 25.79%.The company’s revenue for the quarter was up 76.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 EPS. On average, equities analysts predict that Victory Capital will post 6.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on VCTR. Wall Street Zen cut Victory Capital from a “buy” rating to a “hold” rating in a report on Monday, April 6th. Morgan Stanley set a $76.00 price target on Victory Capital in a report on Friday, May 1st. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a report on Monday, April 20th. Royal Bank Of Canada increased their price target on Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a report on Tuesday, February 10th. Finally, Barclays increased their price target on Victory Capital from $69.00 to $74.00 and gave the stock a “negative” rating in a report on Friday, April 17th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Victory Capital currently has a consensus rating of “Hold” and a consensus target price of $78.29.

Victory Capital Company Profile

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.