Victory Capital (NASDAQ:VCTR) Sets New 12-Month High – Should You Buy?

Victory Capital Holdings, Inc. (NASDAQ:VCTR) hit a new 52-week high on Wednesday . The company traded as high as $61.97 and last traded at $61.82, with a volume of 21649 shares. The stock had previously closed at $61.21.

Wall Street Analysts Forecast Growth

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

Victory Capital Price Performance

The stock has a market capitalization of $4.00 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 0.63 and a beta of 0.91. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50-day simple moving average is $55.70 and its 200-day simple moving average is $52.07.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, beating 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 company had revenue of $219.62 million for the quarter, compared to analysts’ expectations of $220.82 million. As a group, sell-side analysts expect that Victory Capital Holdings, Inc. will post 5.18 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.41 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.37. This represents a $1.64 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Tuesday, September 10th. Victory Capital’s payout ratio is currently 50.31%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VCTR. Capital World Investors boosted its stake in Victory Capital by 85.8% in the 1st quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock valued at $94,278,000 after purchasing an additional 1,025,954 shares during the period. Swedbank AB acquired a new stake in Victory Capital in the 1st quarter worth about $29,701,000. Vanguard Group Inc. boosted its holdings in Victory Capital by 16.4% in the 1st quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock valued at $158,661,000 after purchasing an additional 527,190 shares during the period. Bahl & Gaynor Inc. grew its position in shares of Victory Capital by 35.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,110,948 shares of the company’s stock worth $47,138,000 after purchasing an additional 288,280 shares in the last quarter. Finally, F M Investments LLC bought a new position in shares of Victory Capital during the second quarter worth approximately $11,149,000. Institutional investors and hedge funds 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.