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Victory Capital Holdings said on February 9, 2023 that its board of directors declared a regular
quarterly dividend of $0.32 per share ($1.28 annualized).
Shareholders of record as of March 9, 2023
will receive the payment on March 27, 2023.
Previously, the company paid $0.25 per share.
At the current share price of $30.05 / share,
the stock’s dividend yield is 4.26%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.97%,
the lowest has been 0.91%,
and the highest has been 4.23%.
The standard deviation of yields is 1.02 (n=165).
The current dividend yield is
2.24 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.32.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 5.40%,
demonstrating that it has increased its dividend over time.
Analyst Price Forecast Suggests 6.58% Upside
As of February 13, 2023,
the average one-year price target for Victory Capital Holdings is $32.03.
The forecasts range from a low of $20.20 to a high of $42.00.
The average price target represents an increase of 6.58% from its latest reported closing price of $30.05.
The projected annual revenue for Victory Capital Holdings
is $835MM, a decrease of 2.29%.
The projected annual EPS
is $4.43, an increase of 10.08%.
What is the Fund Sentiment?
There are 336 funds or institutions reporting positions in Victory Capital Holdings.
This is an increase
of
16
owner(s) or 5.00% in the last quarter.
Average portfolio weight of all funds dedicated to VCTR is 0.41%,
a decrease
of 6.29%.
Total shares owned by institutions decreased
in the last three months by 3.16% to 51,302K shares.
The put/call ratio of VCTR is 1.26, indicating a
bearish
outlook.
What are large shareholders doing?
Crestview Partners II GP
holds 25,696K shares
representing 37.51% ownership of the company.
In it’s prior filing, the firm reported owning 28,071K shares, representing
a decrease
of 9.24%.
The firm
increased
its portfolio allocation in VCTR by 0.12% over the last quarter.
Van Berkom & Associates
holds 1,458K shares
representing 2.13% ownership of the company.
In it’s prior filing, the firm reported owning 1,542K shares, representing
a decrease
of 5.70%.
The firm
increased
its portfolio allocation in VCTR by 3.90% over the last quarter.
TimesSquare Capital Management
holds 1,447K shares
representing 2.11% ownership of the company.
In it’s prior filing, the firm reported owning 1,576K shares, representing
a decrease
of 8.87%.
The firm
increased
its portfolio allocation in VCTR by 8.17% over the last quarter.
Strs Ohio
holds 1,249K shares
representing 1.82% ownership of the company.
In it’s prior filing, the firm reported owning 1,013K shares, representing
an increase
of 18.94%.
The firm
increased
its portfolio allocation in VCTR by 34.57% over the last quarter.
SMCWX – SMALLCAP WORLD FUND INC
holds 1,196K shares
representing 1.75% ownership of the company.
No change in the last quarter.
Victory Capital Holdings Background Information
(This description is provided by the company.)
Victory Capital is a diversified global asset management firm with $150.6 billion in assets under management as of February 28, 2021. The Company operates a next-generation business model combining boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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