Victory Capital Holdings (VCTR) Declares $0.32 Dividend

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.