Victory Capital (NASDAQ:VCTR) Reaches New 1-Year High – Here’s What Happened

Victory Capital Holdings, Inc. (NASDAQ:VCTR)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $71.31 and last traded at $71.17, with a volume of 144589 shares changing hands. The stock had previously closed at $68.36.

Wall Street Analyst Weigh In

VCTR has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. UBS Group increased their price target on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Barclays increased their price objective on shares of Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Victory Capital currently has an average rating of “Moderate Buy” and a consensus price target of $63.67.

Victory Capital Stock Up 4.0 %

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 firm has a market capitalization of $4.62 billion, a P/E ratio of 17.68, a P/E/G ratio of 0.60 and a beta of 0.90. The company’s 50-day simple moving average is $59.78 and its two-hundred day simple moving average is $53.94.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.44 dividend. 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. This represents a $1.76 annualized dividend and a yield of 2.48%. Victory Capital’s dividend payout ratio (DPR) is presently 40.80%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Swedbank AB bought a new stake in shares of Victory Capital during the 1st quarter valued at $29,701,000. Vanguard Group Inc. raised its position in shares of Victory Capital by 16.4% during 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. F M Investments LLC bought a new stake in shares of Victory Capital during the 2nd quarter valued at $11,149,000. Lazard Asset Management LLC raised its position in shares of Victory Capital by 2,335.8% during the 1st quarter. Lazard Asset Management LLC now owns 158,959 shares of the company’s stock valued at $6,743,000 after purchasing an additional 152,433 shares during the period. Finally, Royce & Associates LP bought a new stake in shares of Victory Capital during the 3rd quarter valued at $7,755,000. 87.71% of the stock is currently owned by institutional investors.

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.