Victory Capital Holdings’ One-Year Target Price Set at $38.87 Amid High Institutional Interest

Victory Capital Holdings Inc., an asset management firm managing $150.6 billion, has recently garnered attention due to its robust performance and substantial institutional interest. The company’s market capitalization is reported at an impressive $2.17 billion. With a one-year price target of $38.87, analysts indicate a potential upside of 17.58%. Notably, the estimated fair value is even higher at $42.47, indicating greater opportunities for investment returns.

The firm is committed to returning value to shareholders through a regular quarterly dividend of $0.32 per share, boasting a three-year dividend growth rate of 4.33%. For the year, the company anticipates an annual revenue of $835 million and a non-GAAP earnings per share (EPS) of 4.43. As of the end of Q2 2023, Victory Capital is reported to have an attractive dividend yield of 3.88% and has consistently raised its dividend for four consecutive years.

Institutional interest remains strong, with 416 funds holding shares in Victory Capital Holdings. Prominent stakeholders include Crestview Partners II GP and Reverence Capital Partners, possessing 18,258K and 3,541K shares respectively. The company’s management team has also been actively buying back shares, a move that typically signifies confidence in the firm’s future prospects.

BMO Capital has rated Victory Capital Holdings as ‘Outperform’, reflecting optimistic sentiment regarding its future. The firm has demonstrated a solid return over the past five years, further enhancing its reputation. Additionally, its high earnings quality, evidenced by free cash flow exceeding net income, suggests that its strong performance is sustainable.

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