Shares of Victory Capital Holdings Inc (NASDAQ:VCTR) have earned an average rating of “Buy” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $19.25.
Several analysts have issued reports on the company. Zacks Investment Research raised Victory Capital from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada raised their price objective on Victory Capital to $19.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Oppenheimer started coverage on Victory Capital in a report on Tuesday, June 11th. They issued a “market perform” rating for the company. Goldman Sachs Group restated a “buy” rating and issued a $24.00 price objective on shares of Victory Capital in a report on Tuesday, July 23rd. Finally, ValuEngine cut Victory Capital from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.
A number of institutional investors have recently bought and sold shares of VCTR. Maltese Capital Management LLC grew its stake in shares of Victory Capital by 93.2% during the second quarter. Maltese Capital Management LLC now owns 721,349 shares of the company’s stock worth $12,393,000 after buying an additional 348,041 shares during the last quarter. Man Group plc grew its stake in shares of Victory Capital by 21.4% during the second quarter. Man Group plc now owns 27,315 shares of the company’s stock worth $469,000 after buying an additional 4,815 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Victory Capital by 1,770.0% during the second quarter. Bank of America Corp DE now owns 270,776 shares of the company’s stock worth $4,652,000 after buying an additional 256,296 shares during the last quarter. Invesco Ltd. grew its stake in shares of Victory Capital by 9.5% in the second quarter. Invesco Ltd. now owns 63,986 shares of the company’s stock worth $1,099,000 after purchasing an additional 5,545 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Victory Capital by 3.9% in the second quarter. Vanguard Group Inc. now owns 617,822 shares of the company’s stock worth $10,613,000 after purchasing an additional 23,033 shares during the last quarter. Institutional investors and hedge funds own 14.69% of the company’s stock.
Shares of VCTR traded up $0.37 during midday trading on Monday, hitting $15.82. The stock had a trading volume of 101,300 shares, compared to its average volume of 179,176. The company has a 50 day simple moving average of $17.93 and a two-hundred day simple moving average of $15.77. Victory Capital has a twelve month low of $7.27 and a twelve month high of $19.96. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 10.84 and a beta of 1.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.25 and a quick ratio of 2.25.
Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Monday, August 12th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Victory Capital had a return on equity of 22.53% and a net margin of 16.56%. The firm had revenue of $91.36 million for the quarter, compared to the consensus estimate of $93.76 million. Analysts forecast that Victory Capital will post 2.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Monday, September 9th.
Victory Capital Company Profile
Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.
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