Analysts Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) Target Price at $66.11

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has received an average recommendation of “Hold” from the nine analysts that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $68.33.

A number of research analysts have commented on the stock. Morgan Stanley raised their target price on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. The Goldman Sachs Group lifted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Royal Bank of Canada upped their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Barclays lifted their price target on Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Finally, B. Riley reissued a “neutral” rating and issued a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VCTR. Franklin Resources Inc. boosted its holdings in Victory Capital by 113.2% in the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock worth $115,990,000 after acquiring an additional 1,051,459 shares in the last quarter. Bank of America Corp DE boosted its stake in Victory Capital by 46.8% in the 4th quarter. Bank of America Corp DE now owns 1,438,413 shares of the company’s stock worth $94,159,000 after purchasing an additional 458,534 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Victory Capital during the 4th quarter worth approximately $17,755,000. TimesSquare Capital Management LLC increased its stake in Victory Capital by 20.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company’s stock valued at $63,899,000 after purchasing an additional 166,265 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in shares of Victory Capital by 10.9% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company’s stock worth $101,949,000 after buying an additional 153,459 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Victory Capital Stock Down 1.1 %

Shares of NASDAQ:VCTR opened at $68.37 on Wednesday. The business’s 50 day moving average is $65.60 and its 200 day moving average is $60.69. The stock has a market cap of $4.45 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89. Victory Capital has a 52-week low of $36.02 and a 52-week high of $73.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Sell-side analysts predict that Victory Capital will post 6.06 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio is currently 40.27%.

About Victory Capital

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.