Victory Capital (NASDAQ:VCTR) Price Target Raised to $82.00

Victory Capital (NASDAQ:VCTR) had its price objective hoisted by BMO Capital Markets from $73.00 to $82.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. Morgan Stanley upped their price target on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Barclays increased their target price on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday. UBS Group increased their target price on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Royal Bank of Canada increased their price target on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, B. Riley restated a “neutral” rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Victory Capital has a consensus rating of “Hold” and an average price target of $66.11.

Victory Capital Trading Down 1.4 %

Shares of VCTR stock opened at $67.86 on Monday. The business’s 50 day moving average is $65.46 and its two-hundred day moving average is $60.27. Victory Capital has a twelve month low of $34.49 and a twelve month high of $73.42. The company has a market capitalization of $4.41 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Equities analysts forecast that Victory Capital will post 6.06 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio (DPR) is 40.27%.

Institutional Trading of Victory Capital

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after buying an additional 452 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after purchasing an additional 157 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Victory Capital during the fourth quarter worth about $43,000. Quantbot Technologies LP acquired a new stake in Victory Capital during the third quarter valued at approximately $72,000. Finally, FMR LLC boosted its holdings in Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after purchasing an additional 206 shares in the last quarter. Institutional investors and hedge funds 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.