Victory Capital (NASDAQ:VCTR) Price Target Raised to $75.00

Victory Capital (NASDAQ:VCTR) had its price target increased by Barclays from $70.00 to $75.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms have also recently weighed in on VCTR. BMO Capital Markets lifted their price objective on shares of Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Morgan Stanley upped their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. The Goldman Sachs Group increased their price target on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Royal Bank of Canada upped their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, B. Riley reaffirmed a “neutral” rating and set a $60.00 price objective (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Victory Capital currently has a consensus rating of “Hold” and an average target price of $66.11.

Victory Capital Stock Performance

Shares of NASDAQ VCTR opened at $67.86 on Monday. Victory Capital has a 12-month low of $34.49 and a 12-month high of $73.42. The company has a market cap of $4.41 billion, a PE ratio of 15.53, a P/E/G ratio of 0.55 and a beta of 0.89. The stock has a 50 day simple moving average of $65.46 and a 200-day simple moving average of $60.27. 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 announced its earnings results on Thursday, February 6th. The company reported $1.44 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%. On average, equities research 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. Investors of record on Tuesday, February 18th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio (DPR) is 40.27%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VCTR. Farther Finance Advisors LLC grew its position in shares of Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after acquiring an additional 452 shares during the period. Principal Securities Inc. raised its position in shares of Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after buying an additional 157 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Victory Capital in the 4th quarter valued at approximately $43,000. Quantbot Technologies LP acquired a new position in Victory Capital during the 3rd quarter worth approximately $72,000. Finally, FMR LLC increased its position in Victory Capital by 18.1% during the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after purchasing an additional 206 shares in the last quarter. 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.