Victory Capital (NASDAQ:VCTR) Given New $64.00 Price Target at UBS Group

Victory Capital (NASDAQ:VCTR) had its target price boosted by UBS Group from $49.00 to $64.00 in a report released on Tuesday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

VCTR has been the subject of several other research reports. The Goldman Sachs Group raised their price objective on shares of Victory Capital from $59.50 to $60.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. boosted their price target on shares of Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Barclays started coverage on Victory Capital in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $58.00 price objective on the stock. Bank of America lifted their target price on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, BMO Capital Markets upped their price target on Victory Capital from $61.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Victory Capital has an average rating of “Moderate Buy” and a consensus target price of $59.67.

Victory Capital Stock Down 0.4 %

Shares of NASDAQ VCTR opened at $59.06 on Tuesday. Victory Capital has a 52-week low of $28.95 and a 52-week high of $61.68. The business’s 50 day moving average is $55.36 and its two-hundred day moving average is $51.71. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 0.65 and a beta of 0.91. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.87.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.04. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. The firm had revenue of $219.62 million for the quarter, compared to analyst estimates of $220.82 million. Research analysts predict that Victory Capital will post 5.18 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th were issued a $0.41 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.78%. This is an increase from Victory Capital’s previous quarterly dividend of $0.37. Victory Capital’s dividend payout ratio is presently 50.31%.

Institutional Investors Weigh In On Victory Capital

Several institutional investors have recently added to or reduced their stakes in VCTR. Contravisory Investment Management Inc. raised its holdings in Victory Capital by 53.2% during the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after purchasing an additional 199 shares in the last quarter. Amalgamated Bank lifted its position in Victory Capital by 50.7% in the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after acquiring an additional 479 shares during the last quarter. CWM LLC boosted its stake in Victory Capital by 486.2% in the second quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after acquiring an additional 564 shares in the last quarter. Fiera Capital Corp boosted its stake in Victory Capital by 0.9% in the second quarter. Fiera Capital Corp now owns 73,974 shares of the company’s stock valued at $3,531,000 after acquiring an additional 644 shares in the last quarter. Finally, USA Financial Formulas grew its holdings in shares of Victory Capital by 157.9% during the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after purchasing an additional 676 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.