Victory Capital Holdings (NASDAQ:VCTR) Inc., an asset management firm with $150.6 billion under management, has been in the spotlight recently due to its strong performance and high institutional interest. According to InvestingPro's real-time metrics, the company's market capitalization stands at an impressive 2170M USD. The company's one-year price target stands at $38.87, indicating a potential upside of 17.58%, according to investment research platform Fintel. Interestingly, InvestingPro's fair value estimate is even higher, at 42.47 USD, suggesting an even greater potential for investment returns.
The firm also maintains a regular quarterly dividend of $0.32 per share and has reported a 3-Year dividend growth rate of 4.33%. This commitment to shareholder returns is further underscored by the company's strong financial projections for the year, including an annual revenue forecast of $835 million and a non-GAAP EPS of 4.43. InvestingPro data shows that Victory Capital Holdings has a promising dividend yield of 3.88% as of the end of the second quarter of 2023. Moreover, the company has raised its dividend for four consecutive years, as per InvestingPro Tips.
Institutional interest in Victory Capital Holdings continues to be robust. Currently, 416 funds hold positions in the company, with Crestview Partners II GP and Reverence Capital Partners among the notable stakeholders, holding 18,258K shares and 3,541K shares respectively. It's also worth noting that the management of Victory Capital Holdings has been aggressively buying back shares, according to InvestingPro Tips, which is often a sign of confidence in the company's future prospects.
The investment recommendation for Victory Capital Holdings from BMO Capital is 'Outperform', reflecting positive sentiment towards the company's future prospects. This information was sourced from Fintel, a comprehensive investing research platform that provides detailed financial data and analysis. Additionally, Victory Capital Holdings has shown a strong return over the last five years, as reported by InvestingPro Tips. This, combined with the firm's high earnings quality - with free cash flow exceeding net income - suggests that the company's strong performance is not a mere flash in the pan.
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