Victory Capital (NASDAQ:VCTR) PT Raised to $57.00 at B. Riley

Victory Capital (NASDAQ:VCTR) had its price target raised by B. Riley from $48.00 to $57.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on VCTR. UBS Group increased their target price 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. Morgan Stanley increased their target price on shares of Victory Capital from $30.00 to $32.00 and gave the company an underweight rating in a research report on Wednesday. BMO Capital Markets upped their price target on shares of Victory Capital from $53.00 to $55.00 and gave the company an outperform rating in a report on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of Victory Capital from $40.00 to $43.00 and gave the company an outperform rating in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $43.71.

Victory Capital Stock Up 3.4 %

Victory Capital stock opened at $47.47 on Friday. The company has a 50-day simple moving average of $40.50 and a 200-day simple moving average of $35.42. The firm has a market capitalization of $3.05 billion, a P/E ratio of 15.17, a P/E/G ratio of 0.57 and a beta of 1.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 0.66. Victory Capital has a one year low of $27.73 and a one year high of $47.85.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Friday, February 9th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $205.80 million during the quarter, compared to analyst estimates of $204.20 million. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. Victory Capital’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. As a group, equities analysts expect that Victory Capital will post 5.08 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a dividend of $0.335 per share. The ex-dividend date was Friday, March 8th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.32. This represents a $1.34 dividend on an annualized basis and a yield of 2.82%. Victory Capital’s dividend payout ratio is currently 42.81%.

Institutional Trading of Victory Capital

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Victory Capital by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock worth $110,627,000 after purchasing an additional 104,746 shares in the last quarter. BlackRock Inc. lifted its position in shares of Victory Capital by 8.0% in the second quarter. BlackRock Inc. now owns 2,668,250 shares of the company’s stock worth $84,157,000 after purchasing an additional 196,857 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in shares of Victory Capital by 19.2% in the third quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company’s stock worth $60,537,000 after purchasing an additional 292,225 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Victory Capital by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company’s stock worth $51,297,000 after purchasing an additional 131,540 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Victory Capital by 22.2% in the third quarter. LSV Asset Management now owns 1,380,922 shares of the company’s stock worth $46,040,000 after purchasing an additional 250,600 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Company Profile

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.