Victory Capital Holdings, Inc. (VCTR) to Issue Quarterly Dividend of $0.47 on March 10th

Victory Capital Holdings, Inc. (NASDAQ:VCTR) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.47 per share on Monday, March 10th. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44.

Victory Capital has increased its dividend payment by an average of 43.2% annually over the last three years. Victory Capital has a dividend payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Victory Capital to earn $6.68 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 28.1%.

Victory Capital Price Performance

VCTR stock opened at $69.14 on Friday. The company has a market capitalization of $4.50 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital has a 52-week low of $36.02 and a 52-week high of $73.42. The business has a 50-day simple moving average of $65.52 and a two-hundred day simple moving average of $60.50.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Research analysts expect that Victory Capital will post 6.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley lifted their price target on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Barclays lifted their price target on Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. The Goldman Sachs Group boosted their target price on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. UBS Group boosted their target price 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, BMO Capital Markets boosted their target price on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.11.

Victory Capital Company Profile

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.