How to Buy Victory Capital Holdings Stock
Victory Capital Holdings Inc
Victory Capital Holdings, Inc. , together with its subsidiaries, operates as an asset management company worldwide.
Victory Capital Holdings stock last closed at $56.61, down 1.68% from the previous day, and has increased 75.21% in one year. It has overperformed other stocks in the Asset Management industry by 0.46 percentage points. Victory Capital Holdings stock is currently +97.52% from its 52-week low of $28.66, and -2.43% from its 52-week high of $58.02.
At the moment, there are 64.88M VCTR shares outstanding. The market capitalization of VCTR is $3.67B. In the past 24 hours, 279,820 VCTR shares were traded.
How to Buy Victory Capital Holdings Stock
Wondering how to invest in Victory Capital Holdings stock? Here's how.
- Decide where to buy Victory Capital Holdings stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you choose where to buy Victory Capital Holdings stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Pick your method of payment and add your info.
- Research Victory Capital Holdings stock: The Victory Capital Holdings ticker symbol is VCTR. Is Victory Capital Holdings stock a good investment? Should you buy shares of VCTR? How do VCTR's underlying business fundamentals look? Do top analysts think Victory Capital Holdings is a good buy? Why has VCTR's stock price moved recently? (Hint: Our stock analysis website can help you understand if VCTR is a good stock to buy).
- Make your VCTR buy order: Decide if you will purchase VCTR shares at the current market price or use a limit order to buy VCTR stock at a particular price.
- Get key alerts regarding your investment in VCTR: Create a watchlist to monitor your new investment in Victory Capital Holdings stock.
Step 1: Decide where to buy Victory Capital Holdings stock
You need a brokerage account in order to access the NASDAQ market and buy VCTR shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal info so you are able to invest in VCTR today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit funds into your investment account
Now that you've created your account on a mobile trading app, you can securely and quickly fund your account:
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Step 4: Research Victory Capital Holdings stock
After you have chosen the best place to buy Victory Capital Holdings stock, it's very important to evaluate their stock prior to investing, so you can wrap your head around the risk and opportunity.
Victory Capital Holdings Metrics
VCTR Zen Score
WallStreetZen was designed to help average investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on VCTR's stock page.
Is VCTR stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge VCTR's intrinsic value.
Using relative valuations ratios:
- VCTR could be undervalued based on its P/E ratio of 15.55x, relative to Asset Management industry P/E ratio of 38.77x
- VCTR could be overvalued based on its P/B ratio of 3.27x, relative to Asset Management industry P/B ratio of 2.74x
- VCTR may be undervalued based on its PEG ratio of 0.79x
You can access additional valuation research on VCTR's stock here.
A look at VCTR Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- VCTR earnings of $372.01M is not sufficient to cover its interest payments.
- VCTR's operating cash flow of $337.12M allows it to safely service it's debt of $981.72M.
Failed Financial Due Diligence Checks:
- VCTR profit margin has gone down from 28.4% to 27.9% in the past year.
- Total VCTR debt is higher than 5 years ago, relative to shareholder equity.
- VCTR has a relatively high debt to equity ratio of 1.26.
Is it a good time to buy VCTR stock, according to analysts?
Out of 9 Wall Street analysts who research VCTR, the consensus analyst rating on Victory Capital Holdings is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest VCTR Analyst Recommendations
Craig Siegenthaler, a top 7% analyst from Bank of America maintains VCTR with a strong buy rating and raises their VCTR price target from $58.00 to $59.00, on Aug 12, 2024.
Bank of America's Craig Siegenthaler raised their price target on Victory Capital Holdings (NASDAQ: VCTR) by 1.7% from $58 to $59 on 2024/08/12. The analyst maintained their Strong Buy rating on the stock.
Victory Capital Holdings' EPS beat consensus estimates by 2%, Siegenthaler highlighted after reviewing the company's Q2 2024 print released on 2024/08/08.
The analysts told investors that the reasons for the beat included reduced operational expenses, driven by a reduction in the value of possible earn-out payments from previous acquisitions.
Siegenthaler also highlighted that net outflows increased Q/Q from $1.0B to $1.7B.
Although repurchases have been put on hold YTD, the analyst said they anticipate robust buyback activity in 2025 to facilitate incremental EPS accretion.
Earnings Report
For Q2 2024, Victory Capital Holdings reported:
- EPS of $1.31, which beat the Zacks Consensus Estimate of $1.29 and, by 18%, Q2 2023’s $1.11.
- Revenue of $219.62M, which missed the Zacks Consensus Estimate by 0.54% but beat, by 7.5%, Q2 2023’s $204.23M.
Management did not provide financial guidance in its press release or earnings call.
Chairman & CEO David Brown commented: “Our most significant development during FY 2024 was forging the long-term agreement to become strategic partners with Amundi.
“Upon closing, we will combine Amundi’s US business into Victory Capital and have reciprocal global exclusive 15-year distribution agreements.
“This transaction is extremely compelling with multiple strategic elements that will make our Company even better.
“It is also financially attractive with anticipated double-digit earnings accretion within a year, and it will immediately provide us with greater financial flexibility resulting from the strengthening of our balance sheet.
“During Q2, our business continued to perform exceptionally well. We generated the highest adjusted EPS with tax benefit, adjusted EBITDA, and adjusted EBITDA margin, for any quarter in our history.
“Our Investment Franchises continued to deliver excellent investment performance for our clients.
“Through the end of 2024/06, the percentage of our AUM outperforming benchmarks over the respective 3-, 5-, and 10-year periods was 60%, 77%, and 79%.
“In addition, Morningstar rated 68% of our AUM in mutual funds and ETFs as four or five stars overall.
“As a result of our strong cash flow generation, the amount of cash on our balance sheet increased by 49% during the quarter, reaching $119M at the end of 2024/06.
“This combined with the higher earnings, resulted in our net debt to EBITDA ratio declining to 1.9X.
“In addition, the Board authorized another 11% increase in our quarterly cash dividend from $0.37 to $0.41, which will be paid in 2024/09.
“As always, we continue to focus on serving our clients, which is our top priority.”
Adam Beatty, a bottom 13% analyst from UBS maintains VCTR with a hold rating and lowers their VCTR price target from $50.00 to $49.00, on Jul 10, 2024.
Etienne Ricard, a top 34% analyst from BMO Capital reiterates VCTR with a buy rating and raises their VCTR price target from $55.00 to $57.00, on May 13, 2024.
Matthew Howlett, a bottom 7% analyst from B. Riley Securities maintains VCTR with a strong buy rating and raises their VCTR price target from $48.00 to $57.00, on Apr 19, 2024.
You can dive deeper into what analysts are projecting on the Victory Capital Holdings stock forecast page.
Metrics for Advanced VCTR Traders
VCTR Growth Metrics
Last year, VCTR earnings were $237.16M. In the last 5 year, VCTR's earnings have increased by 31.38% per year. This was faster than the Asset Management industry average of 13.75%.
Last year, VCTR revenue was $850.96M. In the past five year, VCTR's revenue has grown by 17.32% per year. This was slower than the Asset Management industry average of 21.59%.
You can research VCTR's earnings and revenue performance here.
What are VCTR insiders up to?
Over the past 12 months, insiders at VCTR have bought more shares than they have sold.
Crestview Partners Ii GP LP, Director of VCTR, was the latest VCTR insider to buy. They bought $48,096.00 worth of VCTR shares on Jul 10, 2024.
Dig into more about who owns VCTR shares here.
Does VCTR stock generate passive income?
Victory Capital Holdings pays a dividend of 2.53%, compared to the Asset Management industry's average dividend yield of 7.89%. If you owned $1,000 worth of VCTR stock, you would have been paid $25.35 in the past year.
Victory Capital Holdings dividend payments have consistently grown over the past 6 years and have remained stable.
Get more data about Victory Capital Holdings dividend yield and history here.
Get opinions from other investors
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Step 5: Make your VCTR buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount limit, place a limit order.
Hit the Open button and eToro will execute your order.
If you need more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your investment in VCTR
Now that you own some shares in VCTR, you'll want to stay up-to-date on your shares.
Start a watchlist to monitor your VCTR stock.
VCTR Feed
How to Buy Stock in Victory Capital Holdings
To summarize, here are the 6 steps to buy Victory Capital Holdings stock:
- Decide where to buy Victory Capital Holdings stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Research Victory Capital Holdings stock
- Make your VCTR buy order
- Get key alerts regarding your investment in VCTR
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Victory Capital Holdings, add VCTR to your watchlist by clicking the button below.
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