Victory Capital Holdings Inc (NASDAQ:VCTR) Announces Quarterly Dividend of $0.05

Victory Capital Holdings Inc (NASDAQ:VCTR) declared a quarterly dividend on Monday, August 12th, Zacks reports. Shareholders of record on Tuesday, September 10th will be paid a dividend of 0.05 per share on Wednesday, September 25th. This represents a $0.20 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Monday, September 9th.

Shares of NASDAQ:VCTR opened at $16.95 on Friday. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.55. The stock’s fifty day simple moving average is $16.89 and its two-hundred day simple moving average is $16.19. Victory Capital has a 1-year low of $7.27 and a 1-year high of $19.96. The stock has a market cap of $1.15 billion, a PE ratio of 11.84 and a beta of 1.66.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Victory Capital had a return on equity of 22.15% and a net margin of 16.56%. The business had revenue of $91.36 million for the quarter, compared to analysts’ expectations of $93.76 million. On average, sell-side analysts forecast that Victory Capital will post 2.35 earnings per share for the current fiscal year.



Several equities analysts have weighed in on the company. B. Riley raised their price objective on Victory Capital from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Royal Bank of Canada raised their price objective on Victory Capital to $19.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Zacks Investment Research upgraded Victory Capital from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Wednesday, August 7th. ValuEngine cut Victory Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Goldman Sachs Group restated a “buy” rating and set a $24.00 price objective on shares of Victory Capital in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $19.19.

In other Victory Capital news, Director James B. Hawkes bought 5,692 shares of the stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $15.69 per share, for a total transaction of $89,307.48. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 10.16% of the company’s stock.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.

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