Victory Capital Holdings, Inc. (NASDAQ:VCTR) Declares Dividend Increase – $0.44 Per Share

Victory Capital Holdings, Inc. (NASDAQ:VCTR) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Monday, December 9th will be given a dividend of 0.44 per share on Monday, December 23rd. This represents a $1.76 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Monday, December 9th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41.

Victory Capital has raised its dividend payment by an average of 77.2% annually over the last three years. Victory Capital has a payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Victory Capital to earn $5.95 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 27.6%.

Victory Capital Stock Up 4.1 %

NASDAQ VCTR traded up $2.61 on Friday, hitting $66.12. 363,953 shares of the stock traded hands, compared to its average volume of 375,655. The company has a market capitalization of $4.29 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 0.69 and a beta of 0.90. The stock has a 50-day moving average of $57.02 and a 200 day moving average of $52.89. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. Victory Capital has a twelve month low of $30.12 and a twelve month high of $68.00.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.04. The business had revenue of $219.62 million for the quarter, compared to analyst estimates of $220.82 million. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. As a group, analysts expect that Victory Capital will post 5.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on VCTR shares. Bank of America increased their target price on shares of Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Morgan Stanley upgraded shares of Victory Capital from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $40.00 to $60.00 in a research note on Friday, October 18th. UBS Group lifted their target price on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Barclays assumed coverage on Victory Capital in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $58.00 price target on the stock. Finally, BMO Capital Markets boosted their price objective on Victory Capital from $61.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Victory Capital has a consensus rating of “Moderate Buy” and an average price target of $59.67.

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.