Victory Capital (NASDAQ:VCTR) Reaches New 12-Month High at $44.44

Victory Capital Holdings, Inc. (NASDAQ:VCTRGet Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $44.44 and last traded at $44.35, with a volume of 855215 shares traded. The stock had previously closed at $42.58.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. B. Riley reissued a “buy” rating and set a $48.00 target price (up from $40.00) on shares of Victory Capital in a research report on Friday, February 16th. UBS Group boosted their target price on shares of Victory Capital from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. BMO Capital Markets upped their price objective on shares of Victory Capital from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada upped their price objective on shares of Victory Capital from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. Finally, Morgan Stanley upped their price objective on shares of Victory Capital from $30.00 to $32.00 and gave the stock an “underweight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $42.43.

Check Out Our Latest Analysis on Victory Capital

Victory Capital Stock Performance

The company has a market cap of $2.87 billion, a PE ratio of 14.27, a PEG ratio of 0.56 and a beta of 1.00. The business’s 50-day moving average is $40.07 and its 200 day moving average is $35.25. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 0.66.

Victory Capital (NASDAQ:VCTRGet Free Report) last released its quarterly earnings data on Friday, February 9th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The firm had revenue of $205.80 million for the quarter, compared to analysts’ expectations of $204.20 million. During the same quarter in the previous year, the company earned $1.03 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities research analysts predict that Victory Capital Holdings, Inc. will post 5.02 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.34 annualized dividend and a dividend yield of 3.00%. This is a boost from Victory Capital’s previous quarterly dividend of $0.32. Victory Capital’s payout ratio is currently 42.81%.

Hedge Funds Weigh In On Victory Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Victory Capital by 27.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 273,348 shares of the company’s stock valued at $9,113,000 after buying an additional 59,503 shares during the period. Brandywine Global Investment Management LLC boosted its stake in Victory Capital by 12.1% during the third quarter. Brandywine Global Investment Management LLC now owns 199,926 shares of the company’s stock worth $6,666,000 after acquiring an additional 21,612 shares in the last quarter. Fiera Capital Corp bought a new stake in Victory Capital during the third quarter worth about $2,409,000. Bank of New York Mellon Corp boosted its stake in Victory Capital by 4.2% during the third quarter. Bank of New York Mellon Corp now owns 545,269 shares of the company’s stock worth $18,179,000 after acquiring an additional 22,192 shares in the last quarter. Finally, Windmill Hill Asset Management Ltd boosted its stake in Victory Capital by 54.0% during the fourth quarter. Windmill Hill Asset Management Ltd now owns 33,043 shares of the company’s stock worth $1,138,000 after acquiring an additional 11,592 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Company Profile

(Get Free Report)

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.

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