Brokerages Set Victory Capital Holdings, Inc. (NASDAQ:VCTR) Target Price at $63.67

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has received an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $63.67.

Several research analysts have recently weighed in on VCTR shares. Royal Bank of Canada upped their price objective on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Bank of America increased their price target on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. increased their price target on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. The Goldman Sachs Group increased their price target on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, UBS Group increased their price target on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd.

Victory Capital Stock Down 0.4 %

VCTR stock opened at $69.30 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $4.51 billion, a P/E ratio of 17.24, a P/E/G ratio of 0.61 and a beta of 0.89. The business has a 50-day moving average of $62.04 and a 200-day moving average of $54.90. Victory Capital has a fifty-two week low of $32.06 and a fifty-two week high of $73.42.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.44 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, December 9th. This represents a $1.76 annualized dividend and a yield of 2.54%. Victory Capital’s dividend payout ratio is currently 40.80%.

Institutional Trading of Victory Capital

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Victory Capital by 16.4% in the first quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock valued at $158,661,000 after buying an additional 527,190 shares during the period. Franklin Resources Inc. increased its stake in shares of Victory Capital by 113.2% during the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock worth $115,990,000 after purchasing an additional 1,051,459 shares during the period. LSV Asset Management increased its stake in shares of Victory Capital by 2.7% during the second quarter. LSV Asset Management now owns 1,294,722 shares of the company’s stock worth $61,797,000 after purchasing an additional 34,000 shares during the period. Bahl & Gaynor Inc. increased its stake in shares of Victory Capital by 8.5% during the second quarter. Bahl & Gaynor Inc. now owns 1,205,601 shares of the company’s stock worth $57,543,000 after purchasing an additional 94,653 shares during the period. Finally, State Street Corp increased its stake in shares of Victory Capital by 6.4% during the third quarter. State Street Corp now owns 1,162,842 shares of the company’s stock worth $64,421,000 after purchasing an additional 69,654 shares during the period. Institutional investors own 87.71% of the company’s stock.

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.