Several large investors have recently increased their holdings in Victory Capital. CWM LLC boosted its stake by 486.2%, now holding 680 shares worth $32,000. Amalgamated Bank raised its position by 50.7% to 1,423 shares valued at $68,000. nVerses Capital LLC increased its stake by 200% to 2,700 shares valued at $129,000. New investments came from Picton Mahoney Asset Management ($156,000) and Rothschild Investment LLC ($202,000). Approximately 87.71% of shares are owned by institutional investors.
Analyst Ratings
Analysts have recently provided mixed ratings on Victory Capital. JPMorgan raised its price target from $45 to $49 with a “neutral” rating, while Goldman Sachs increased it from $59.50 to $60 with a “buy” rating. Morgan Stanley raised their target from $39 to $40, issuing an “underweight” rating. Royal Bank of Canada lowered their target from $56 to $55, but still rates it as “outperform”. Overall, the consensus rating is “Hold” with a target price of $53.78 according to MarketBeat data.
Price Performance
Victory Capital (NASDAQ: VCTR) opened at $57.58 on Monday. The firm has a market cap of $3.73 billion, a P/E ratio of 17.66, and a beta of 0.91. It recently reported quarterly earnings of $1.30 per share, surpassing estimates of $1.26. Forecasts suggest earnings of $5.19 per share for the year.
Dividend Announcement
Victory Capital declared a quarterly dividend of $0.41 per share, paid on September 25th, representing a yield of 2.85% and an annualized total of $1.64. This is an increase from the previous dividend of $0.37. The payout ratio is currently 50.31%.
About Victory Capital
Victory Capital Holdings, Inc. provides asset management services both in the U.S. and internationally. Its offerings include investment advisory, fund management, and specialized investment strategies for various clients.
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