Analysts Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) Price Target at $105.71

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $105.7143.

VCTR has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on Victory Capital from $87.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Wall Street Zen raised Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Barclays increased their price objective on Victory Capital from $95.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. UBS Group set a $117.00 price objective on Victory Capital in a research report on Friday, August 28th. Finally, Morgan Stanley set a $91.00 target price on shares of Victory Capital in a research note on Wednesday, July 29th.

Institutional Investors Weigh In On Victory Capital

Hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC boosted its stake in shares of Victory Capital by 203.5% during the 1st quarter. Janus Henderson Group PLC now owns 58,127 shares of the company’s stock worth $3,805,000 after acquiring an additional 38,977 shares in the last quarter. Bank of America Corp DE raised its holdings in Victory Capital by 12.4% during the 1st quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock worth $65,965,000 after buying an additional 111,063 shares during the period. Quantinno Capital Management LP lifted its stake in Victory Capital by 531.7% during the first quarter. Quantinno Capital Management LP now owns 51,365 shares of the company’s stock valued at $3,363,000 after buying an additional 43,234 shares in the last quarter. Royal Bank of Canada lifted its stake in Victory Capital by 26.8% during the first quarter. Royal Bank of Canada now owns 182,050 shares of the company’s stock valued at $11,920,000 after buying an additional 38,511 shares in the last quarter. Finally, denkapparat Operations GmbH acquired a new stake in shares of Victory Capital during the second quarter valued at approximately $778,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Victory Capital Price Performance

Shares of VCTR stock opened at $110.30 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $6.78 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 0.92 and a beta of 1.09. The firm’s 50-day moving average is $106.41 and its two-hundred day moving average is $87.51. Victory Capital has a 12 month low of $57.03 and a 12 month high of $123.55.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.42. The business had revenue of $435.36 million for the quarter, compared to analysts’ expectations of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. Analysts predict that Victory Capital will post 7.62 earnings per share for the current year.

Victory Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. Victory Capital’s payout ratio is presently 36.76%.

Victory Capital Company Profile

Victory Capital Inc (NASDAQ:VCTR) is a global investment management company that provides a broad range of investment solutions to individual, institutional, intermediary and retirement investors. The company manages assets through a multiboutique structure designed to preserve the distinct investment approaches of its affiliated investment teams.

Its offerings include actively managed mutual funds, exchange-traded funds, separately managed accounts, institutional strategies, retirement-plan solutions and other portfolio management services.