Victory Capital (NASDAQ:VCTR) Sees Large Volume Increase

Victory Capital Holdings, Inc. (NASDAQ:VCTR) shares saw an uptick in trading volume on Wednesday . 209,405 shares traded hands during trading, a decline of 41% from the previous session’s volume of 356,613 shares.The stock last traded at $44.72 and had previously closed at $44.62.

Wall Street Analysts Forecast Growth

VCTR has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on Victory Capital from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. UBS Group increased their price target on shares of Victory Capital from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. BMO Capital Markets lifted their price objective on shares of Victory Capital from $47.00 to $51.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Morgan Stanley increased their target price on shares of Victory Capital from $28.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday, February 12th. Finally, B. Riley restated a “buy” rating and issued a $48.00 price target (up previously from $40.00) on shares of Victory Capital in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Victory Capital currently has an average rating of “Hold” and an average target price of $41.57.

Victory Capital Stock Performance

The company has a market cap of $2.88 billion, a PE ratio of 14.29, a P/E/G ratio of 0.53 and a beta of 1.00. The stock’s 50-day simple moving average is $39.87 and its 200 day simple moving average is $35.18. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 0.66.

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

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a $0.335 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from Victory Capital’s previous quarterly dividend of $0.32. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.99%. Victory Capital’s payout ratio is 42.81%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Victory Capital by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock worth $110,627,000 after purchasing an additional 104,746 shares during the period. BlackRock Inc. grew its position in Victory Capital by 8.0% during the second quarter. BlackRock Inc. now owns 2,668,250 shares of the company’s stock worth $84,157,000 after buying an additional 196,857 shares during the period. Van Berkom & Associates Inc. lifted its position in shares of Victory Capital by 19.2% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company’s stock valued at $60,537,000 after acquiring an additional 292,225 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Victory Capital by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company’s stock worth $51,297,000 after acquiring an additional 131,540 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of Victory Capital by 22.2% in the 3rd quarter. LSV Asset Management now owns 1,380,922 shares of the company’s stock worth $46,040,000 after acquiring an additional 250,600 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

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.