Victory Capital Holdings, Inc. (NASDAQ:VCTR) to Issue Quarterly Dividend of $0.47

Victory Capital Holdings, Inc. (NASDAQ:VCTR) announced a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Investors 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 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44.

Victory Capital has increased its dividend by an average of 43.2% per year over the last three years. Victory Capital has a payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Victory Capital to earn $6.68 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 26.3%.

Victory Capital Price Performance

NASDAQ VCTR opened at $70.58 on Friday. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 0.55 and a beta of 0.89. Victory Capital has a 1-year low of $34.49 and a 1-year high of $73.42. 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 business’s fifty day moving average price is $65.43 and its 200-day moving average price is $59.77.

Victory Capital (NASDAQ:VCTR) last posted its earnings results 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 return on equity of 31.08% and a net margin of 32.33%. On average, equities analysts predict that Victory Capital will post 6.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on VCTR shares. BMO Capital Markets raised their price objective on shares of Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Royal Bank of Canada boosted 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. UBS Group upped their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group lifted their target price on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley upped their price target on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $65.11.

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.