Victory Capital Holdings Inc. (NASDAQ: VCTR) stock fell -6.10% on Tuesday to $30.63 against a previous-day closing price of $32.62. With 0.75 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.33 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $32.22 whereas the lowest price it dropped to was $30.35. The 52-week range on VCTR shows that it touched its highest point at $34.01 and its lowest point at $22.22 during that stretch. It currently has a 1-year price target of $35.00. With its current market cap of 2.04 billion, VCTR has annualized dividend of $1.14 while the current yield stands at 3.72%. Beta for the stock currently stands at 1.12.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VCTR was down-trending over the past week, with a drop of -2.67%, but this was up by 0.53% over a month. Three-month performance dropped to -6.64% while six-month performance fell -2.61%. The stock gained 16.24% in the past year, while it has gained 14.16% so far this year. A look at the trailing 12-month EPS for VCTR yields 3.55 with Next year EPS estimates of 5.01. For the next quarter, that number is 1.11. This implies an EPS growth rate of 1.50% for this year and 10.05% for next year.
Float and Shares Shorts:
At present, 67.29 million VCTR shares are outstanding with a float of 62.02 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.19 million, which was 1.78% higher than short shares on Mar 30, 2023. In addition to Mr. David Craig Brown as the firm’s Chairman of Directors & CEO, Mr. Michael Dennis Policarpo II, CPA, CPA serves as its Pres, CFO & Chief Admin. Officer.
Through their ownership of 78.86% of VCTR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.04% of VCTR, in contrast to 18.42% held by mutual funds. Shares owned by individuals account for 15.04%. As the largest shareholder in VCTR with 2.69% of the stake, The Vanguard Group, Inc. holds 1,814,661 shares worth 1,814,661. A second-largest stockholder of VCTR, BlackRock Fund Advisors, holds 1,701,366 shares, controlling over 2.52% of the firm’s shares. Van Berkom & Associates, Inc. is the third largest shareholder in VCTR, holding 1,547,893 shares or 2.29% stake. With a 1.77% stake in VCTR, the American Funds Small Cap World Fu is the largest stakeholder. A total of 1,196,000 shares are owned by the mutual fund manager. The Impax Small Cap Fund, which owns about 1.44% of VCTR stock, is the second-largest Mutual Fund holder. It holds 972,198 shares valued at 29.69 million. Vanguard Total Stock Market ETF holds 1.27% of the stake in VCTR, owning 856,738 shares worth 26.16 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, VCTR reported revenue of $216.01M and operating income of $92.88M. The EBITDA in the recently reported quarter was $103.64M and diluted EPS was $1.09.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VCTR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VCTR analysts setting a high price target of $40.00 and a low target of $24.00, the average target price over the next 12 months is $34.70. Based on these targets, VCTR could surge 30.59% to reach the target high and fall by -21.65% to reach the target low. Reaching the average price target will result in a growth of 13.29% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, VCTR has a current ratio of $1.28, which is $1.28 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and VCTR currently yields $3.49. In the past year, VCTR’s dividend yield has been $3.49. Accordingly, VCTR has a current buyback yield of $5.41. This was $5.41 for the TTM, and it was $4.22 for the past five years.
Summary of Insider Activity:
Insiders traded VCTR stock several times over the past three months with 12 Buys and 7 Sells. In these transactions, 210,939 shares were bought while 3,373,536 shares were sold. The number of buy transactions has increased to 61 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 2,055,625 while 8,759,927 shares were sold.