Victory Capital (VCTR) – Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Victory Capital (NASDAQ: VCTR):

• 10/22/2024 – Victory Capital had its price target raised by analysts at UBS Group AG from $49.00 to $64.00. They now have a “neutral” rating on the stock.
• 10/18/2024 – Victory Capital was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating. They now have a $60.00 price target on the stock, up previously from $40.00.
• 10/16/2024 – Victory Capital had its price target raised by analysts at BMO Capital Markets from $61.00 to $69.00. They now have an “outperform” rating on the stock.
• 10/11/2024 – Victory Capital had its price target raised by analysts at Royal Bank of Canada from $55.00 to $61.00. They now have an “outperform” rating on the stock.
• 10/3/2024 – Victory Capital had its price target raised by analysts at The Goldman Sachs Group, Inc. from $59.50 to $60.00. They now have a “buy” rating on the stock.

Victory Capital Price Performance

NASDAQ:VCTR opened at $61.70 on Thursday. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 0.63 and a beta of 0.91. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50 day simple moving average of $55.70 and a 200-day simple moving average of $52.07. Victory Capital Holdings, Inc. has a 1 year low of $29.25 and a 1 year high of $61.97.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.26 by $0.04. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. The company had revenue of $219.62 million during the quarter, compared to analyst estimates of $220.82 million. Equities analysts forecast that Victory Capital Holdings, Inc. will post 5.18 EPS for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th were given a $0.41 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.37. This represents a $1.64 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Tuesday, September 10th. Victory Capital’s dividend payout ratio is 50.31%.

Institutional Trading of Victory Capital

Institutional investors have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. raised its holdings in shares of Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after buying an additional 199 shares during the period. Farther Finance Advisors LLC increased its stake in Victory Capital by 367.5% in the third 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. CWM LLC increased its stake in Victory Capital by 486.2% in the second quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after purchasing an additional 564 shares during the period. USA Financial Formulas lifted its position in shares of Victory Capital by 157.9% during the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after purchasing an additional 676 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Victory Capital by 50.7% during the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after purchasing an additional 479 shares during the period. Institutional investors own 87.71% of the company’s stock.

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.