Victory Capital Holdings, Inc. (NASDAQ:VCTR) Raises Dividend to $0.44 Per Share

Victory Capital Holdings, Inc. (NASDAQ:VCTR) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Monday, December 9th will be paid a dividend of 0.44 per share on Monday, December 23rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, December 9th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41.

Victory Capital has increased its dividend by an average of 77.2% per year over the last three years. Victory Capital has a dividend payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Victory Capital to earn $5.95 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 27.6%.

Victory Capital Trading Up 4.1 %

Shares of NASDAQ:VCTR opened at $66.12 on Friday. Victory Capital has a 52-week low of $30.12 and a 52-week high of $68.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $4.29 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 0.69 and a beta of 0.90. The company has a 50-day simple moving average of $57.02 and a 200 day simple moving average of $52.89.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data 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 return on equity of 29.74% and a net margin of 27.87%. The company had revenue of $219.62 million during the quarter, compared to analysts’ expectations of $220.82 million. Sell-side analysts forecast that Victory Capital will post 5.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

VCTR has been the subject of several research analyst reports. The Goldman Sachs Group lifted their target price on shares of Victory Capital from $59.50 to $60.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Barclays assumed coverage on Victory Capital in a report on Tuesday, August 27th. They set an “equal weight” rating and a $58.00 price target for the company. Royal Bank of Canada upped their price objective on Victory Capital from $55.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, October 11th. Morgan Stanley raised Victory Capital from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $40.00 to $60.00 in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Victory Capital presently has an average rating of “Moderate Buy” and a consensus price target of $59.67.

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.