Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has received a consensus "Moderate Buy" recommendation from eleven brokerages. Analysts have set an average 1-year target price of $74.89. Recent reports show mixed ratings, with some downgrades and upgrades. Institutional investors have adjusted their positions, with significant changes in holdings. Victory Capital's stock opened at $63.34, with a market cap of $4.23 billion. The company reported strong quarterly earnings and announced a quarterly dividend of $0.49, yielding 3.1%.

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $74.8889.

VCTR has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Victory Capital from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 5th. Barclays lowered their price objective on shares of Victory Capital from $72.00 to $68.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 21st. Bank of America increased their target price on shares of Victory Capital from $83.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. The Goldman Sachs Group restated a "buy" rating and set a $76.00 price target on shares of Victory Capital in a report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on Victory Capital from $71.00 to $70.00 and set a "neutral" rating for the company in a report on Monday.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VCTR. Entropy Technologies LP raised its position in shares of Victory Capital by 50.5% in the 3rd quarter. Entropy Technologies LP now owns 6,856 shares of the company's stock worth $444,000 after acquiring an additional 2,300 shares in the last quarter. Invesco Ltd. grew its stake in Victory Capital by 163.6% in the third quarter. Invesco Ltd. now owns 431,912 shares of the company's stock worth $27,971,000 after purchasing an additional 268,061 shares during the period. Gator Capital Management LLC raised its holdings in Victory Capital by 0.4% in the third quarter. Gator Capital Management LLC now owns 130,752 shares of the company's stock worth $8,468,000 after purchasing an additional 570 shares in the last quarter. UBS Group AG lifted its position in Victory Capital by 121.8% during the third quarter. UBS Group AG now owns 393,480 shares of the company's stock valued at $25,482,000 after buying an additional 216,080 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Victory Capital by 1,293.3% during the third quarter. BNP Paribas Financial Markets now owns 76,658 shares of the company's stock valued at $4,964,000 after buying an additional 71,156 shares during the period. Hedge funds and other institutional investors own 87.71% of the company's stock.

Victory Capital Trading Down 0.3%

Shares of VCTR stock opened at $63.34 on Friday. The business has a 50-day moving average of $65.56 and a 200 day moving average of $65.52. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.37. Victory Capital has a 1-year low of $47.00 and a 1-year high of $73.42. The stock has a market capitalization of $4.23 billion, a PE ratio of 16.16, a P/E/G ratio of 0.62 and a beta of 1.10.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.03. The firm had revenue of $361.20 million during the quarter, compared to the consensus estimate of $361.14 million. Victory Capital had a return on equity of 24.23% and a net margin of 25.27%.The business's revenue was up 60.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 earnings per share. As a group, sell-side analysts anticipate that Victory Capital will post 6.16 earnings per share for the current year.

Victory Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, December 10th. Victory Capital's dividend payout ratio (DPR) is currently 50.00%.

Victory Capital Company Profile

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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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