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

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $64.67.

A number of research firms have recently issued reports on VCTR. Barclays upped their price objective on Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Morgan Stanley upped their price target on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Royal Bank of Canada boosted their target price on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. BMO Capital Markets raised their price target on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group increased their price target on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th.

Victory Capital Stock Down 1.2 %

Shares of NASDAQ:VCTR opened at $66.26 on Tuesday. The firm has a market capitalization of $4.31 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 0.59 and a beta of 0.89. 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 52-week low of $32.55 and a 52-week high of $73.42. The firm has a fifty day moving average of $64.97 and a 200 day moving average of $56.57.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.66%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, December 9th. Victory Capital’s dividend payout ratio (DPR) is presently 43.78%.

Hedge Funds Weigh In On Victory Capital

Several institutional investors and hedge funds have recently modified their holdings of the stock. Contravisory Investment Management Inc. grew its position in Victory Capital by 53.2% during the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after purchasing an additional 199 shares during the last quarter. Farther Finance Advisors LLC grew its position in Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 452 shares during the period. USA Financial Formulas raised its stake in Victory Capital by 157.9% during the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after buying an additional 676 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after buying an additional 479 shares during the period. Finally, Quantbot Technologies LP bought a new position in Victory Capital in the third quarter valued at about $72,000. 87.71% of the stock is currently owned by institutional investors.

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.