Victory Capital (NASDAQ:VCTR) Reaches New 1-Year High – Time to Buy?

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VCTR shares. Barclays boosted their price target on shares of Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. UBS Group boosted their target price on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price target on Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Bank of America boosted their price objective on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Royal Bank of Canada raised their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.67.

Victory Capital Stock Performance

The firm has a market cap of $4.68 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 0.62 and a beta of 0.90. The stock’s 50-day moving average price is $60.48 and its 200 day moving average price is $54.24. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.44%. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, December 9th. Victory Capital’s dividend payout ratio is currently 43.78%.

Institutional Trading of Victory Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. grew its stake in Victory Capital by 113.2% in the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after purchasing an additional 1,051,459 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Victory Capital in the 3rd quarter valued at approximately $918,000. Sanctuary Advisors LLC bought a new position in shares of Victory Capital in the third quarter valued at $648,000. McIlrath & Eck LLC acquired a new position in Victory Capital during the third quarter worth $565,000. Finally, TD Private Client Wealth LLC raised its position in Victory Capital by 33.9% during the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock worth $105,000 after acquiring an additional 482 shares in the last quarter. 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.