Victory Capital (NASDAQ:VCTR) Hits New 52-Week High at $42.14

Victory Capital Holdings, Inc. (NASDAQ:VCTR) reached a new 52-week high during trading on Tuesday . The company traded as high as $42.14 and last traded at $41.93, with a volume of 112247 shares. The stock had previously closed at $41.71.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BMO Capital Markets raised their target price on shares of Victory Capital from $47.00 to $51.00 and gave the company an “outperform” rating in a report on Monday, February 12th. UBS Group lifted their target price on Victory Capital from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Royal Bank of Canada lifted their target price on Victory Capital from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. B. Riley reiterated a “buy” rating and set a $48.00 target price (up from $40.00) on shares of Victory Capital in a research report on Friday, February 16th. Finally, Morgan Stanley lifted their target price on Victory Capital from $28.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Victory Capital currently has an average rating of “Moderate Buy” and a consensus price target of $41.57.

Victory Capital Trading Up 0.0 %

The stock has a 50-day moving average of $37.65 and a 200 day moving average of $34.31. The stock has a market cap of $2.73 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The company had revenue of $205.80 million during the quarter, compared to the consensus estimate of $204.20 million. During the same period in the previous year, the company posted $1.03 earnings per share. Victory Capital’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 5.02 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 3.16%. This is a boost from Victory Capital’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, March 8th. Victory Capital’s payout ratio is presently 42.81%.

Institutional Trading of Victory Capital

Several large investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. grew its holdings in Victory Capital by 1.3% in the 4th quarter. Federated Hermes Inc. now owns 28,896 shares of the company’s stock valued at $995,000 after buying an additional 383 shares in the last quarter. Olympiad Research LP grew its holdings in shares of Victory Capital by 6.0% during the 3rd quarter. Olympiad Research LP now owns 6,910 shares of the company’s stock worth $230,000 after purchasing an additional 394 shares during the period. State of Wyoming grew its holdings in shares of Victory Capital by 7.6% during the 4th quarter. State of Wyoming now owns 5,729 shares of the company’s stock worth $154,000 after purchasing an additional 405 shares during the period. SMH Capital Advisors Inc. grew its holdings in shares of Victory Capital by 4.4% during the 4th quarter. SMH Capital Advisors Inc. now owns 10,088 shares of the company’s stock worth $271,000 after purchasing an additional 423 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Victory Capital by 3.9% during the 1st quarter. Sei Investments Co. now owns 11,801 shares of the company’s stock worth $345,000 after purchasing an additional 446 shares during the period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

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.