Victory Capital (NASDAQ:VCTR) Given New $51.00 Price Target at BMO Capital Markets

Victory Capital (NASDAQ:VCTRFree Report) had its price objective upped by BMO Capital Markets from $47.00 to $51.00 in a report issued on Monday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on VCTR. Morgan Stanley boosted their price objective on shares of Victory Capital from $26.00 to $28.00 and gave the company an underweight rating in a research report on Friday, January 19th. UBS Group boosted their price objective on shares of Victory Capital from $33.00 to $36.00 and gave the company a neutral rating in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Victory Capital currently has an average rating of Moderate Buy and a consensus price target of $40.00.

Check Out Our Latest Research Report on VCTR

Victory Capital Stock Performance

Victory Capital stock opened at $37.00 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $2.44 billion, a PE ratio of 11.82, a P/E/G ratio of 0.84 and a beta of 0.99. The firm has a fifty day simple moving average of $34.18 and a two-hundred day simple moving average of $32.99. Victory Capital has a twelve month low of $27.73 and a twelve month high of $37.68.

Victory Capital (NASDAQ:VCTRGet Free Report) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. The business had revenue of $205.80 million during the quarter, compared to the consensus estimate of $204.20 million. Victory Capital had a net margin of 25.96% and a return on equity of 28.67%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. Research analysts expect that Victory Capital will post 4.93 EPS for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Monday, March 11th will be given a dividend of $0.335 per share. The ex-dividend date is Friday, March 8th. This represents a $1.34 annualized dividend and a dividend yield of 3.62%. This is a boost from Victory Capital’s previous quarterly dividend of $0.32. Victory Capital’s payout ratio is currently 40.89%.

Hedge Funds Weigh In On Victory Capital

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Victory Capital by 6.6% during the third quarter. Vanguard Group Inc. now owns 3,107,427 shares of the company’s stock valued at $103,602,000 after buying an additional 191,957 shares during the period. BlackRock Inc. increased its position in shares of Victory Capital by 8.0% during the second quarter. BlackRock Inc. now owns 2,668,250 shares of the company’s stock valued at $84,157,000 after buying an additional 196,857 shares during the period. Van Berkom & Associates Inc. increased its position in shares of Victory Capital by 19.2% during the third quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company’s stock valued at $60,537,000 after buying an additional 292,225 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Victory Capital by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company’s stock valued at $51,297,000 after buying an additional 131,540 shares during the period. Finally, LSV Asset Management increased its position in shares of Victory Capital by 22.2% during the third quarter. LSV Asset Management now owns 1,380,922 shares of the company’s stock valued at $46,040,000 after buying an additional 250,600 shares during the period. Hedge funds and other institutional investors own 73.50% of the company’s stock.

Victory Capital Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

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