Brokerages Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) Price Target at $64.67

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $64.67.

Several research firms recently issued reports on VCTR. Morgan Stanley increased their target price on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. BMO Capital Markets raised their target price on shares of Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. The Goldman Sachs Group upped their price target on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. UBS Group boosted their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Barclays raised their target price on shares of Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th.

Institutional Trading of Victory Capital

A number of hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. raised its stake in shares of Victory Capital by 53.2% during the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after acquiring an additional 199 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after acquiring an additional 452 shares during the period. USA Financial Formulas boosted its position in Victory Capital by 157.9% in the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after buying an additional 676 shares during the last quarter. Quantbot Technologies LP acquired a new position in Victory Capital in the 3rd quarter worth approximately $72,000. Finally, FMR LLC raised its position in Victory Capital by 18.1% during the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after buying an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Down 1.2 %

Shares of VCTR stock opened at $66.26 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital has a one year low of $32.55 and a one year high of $73.42. The company’s fifty day moving average price is $64.97 and its 200-day moving average price is $56.57. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 0.59 and a beta of 0.89.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a dividend of $0.44 per share. The ex-dividend date was Monday, December 9th. This represents a $1.76 annualized dividend and a dividend yield of 2.66%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio (DPR) is currently 43.78%.

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.