Victory Capital Holdings, Inc. (NASDAQ:VCTR) Plans Dividend Increase – $0.47 Per Share

Victory Capital Holdings, Inc. (NASDAQ:VCTR) declared a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.47 per share on Monday, March 10th. This represents a $1.88 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44.

Victory Capital has raised its dividend by an average of 43.2% per year over the last three years. Victory Capital has a payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Victory Capital to earn $6.06 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 29.0%.

Victory Capital Trading Up 7.9 %

Shares of NASDAQ:VCTR traded up $5.21 during trading on Friday, reaching $70.85. The stock had a trading volume of 324,481 shares, compared to its average volume of 296,876. The business has a fifty day moving average price of $65.43 and a 200-day moving average price of $59.77. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock has a market cap of $4.61 billion, a P/E ratio of 17.70, a PEG ratio of 0.56 and a beta of 0.89. Victory Capital has a fifty-two week low of $34.49 and a fifty-two week high of $73.42.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 30.82% and a return on equity of 29.92%. As a group, analysts anticipate that Victory Capital will post 5.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VCTR has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective on shares of Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. UBS Group boosted their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley boosted their target price on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Royal Bank of Canada boosted their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group boosted their target price 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. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.11.

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.