Victory Capital Holdings, Inc. (NASDAQ:VCTR) Plans Quarterly Dividend of $0.44

Victory Capital Holdings, Inc. (NASDAQ:VCTR) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Monday, December 9th will be given a dividend of 0.44 per share on Monday, December 23rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, December 9th. This is an increase from Victory Capital’s previous quarterly dividend of $0.41.

Victory Capital has raised its dividend by an average of 77.2% per year over the last three years. Victory Capital has a payout ratio of 27.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Victory Capital to earn $5.95 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 27.6%.

Victory Capital Trading Up 4.1 %

Victory Capital stock traded up $2.61 during midday trading on Friday, reaching $66.12. The stock had a trading volume of 363,953 shares, compared to its average volume of 375,655. The stock has a market capitalization of $4.29 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 0.69 and a beta of 0.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s 50-day simple moving average is $57.02 and its 200 day simple moving average is $52.89. Victory Capital has a twelve month low of $30.12 and a twelve month high of $68.00.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. The firm had revenue of $219.62 million during the quarter, compared to the consensus estimate of $220.82 million. Analysts expect that Victory Capital will post 5.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VCTR. Bank of America raised their target price on shares of Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Morgan Stanley raised Victory Capital from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $40.00 to $60.00 in a research report on Friday, October 18th. JPMorgan Chase & Co. upped their target price on Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Royal Bank of Canada raised their target price on Victory Capital from $55.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, October 11th. Finally, BMO Capital Markets upped their price target on Victory Capital from $61.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Victory Capital has an average rating of “Moderate Buy” and an average target price of $59.67.

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.