B. Riley Issues Positive Forecast for Victory Capital (NASDAQ:VCTR) Stock Price

Victory Capital (NASDAQ:VCTR) had its target price lifted by B. Riley from $70.00 to $74.00 in a research note published on Thursday morning,Benzinga reports. B. Riley currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. UBS Group cut their price target on shares of Victory Capital from $71.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Barclays raised their price target on Victory Capital from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday. Bank of America decreased their price objective on Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. JPMorgan Chase & Co. lowered their target price on Victory Capital from $69.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Finally, Royal Bank of Canada lifted their price target on shares of Victory Capital from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.56.

Victory Capital Trading Down 1.2%

VCTR stock opened at $63.81 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a twelve month low of $43.82 and a twelve month high of $73.42. The company has a market cap of $4.06 billion, a P/E ratio of 14.60, a PEG ratio of 0.55 and a beta of 1.05. The business has a fifty day moving average of $58.04 and a 200-day moving average of $62.76.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.02). Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The firm had revenue of $219.60 million for the quarter, compared to the consensus estimate of $226.38 million. During the same period in the prior year, the firm posted $1.25 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities research analysts expect that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.49 per share. This is a boost from Victory Capital’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.96 annualized dividend and a yield of 3.07%. Victory Capital’s dividend payout ratio is presently 43.65%.

Institutional Investors Weigh In On Victory Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its position in shares of Victory Capital by 110.6% in the third quarter. Barclays PLC now owns 99,367 shares of the company’s stock valued at $5,506,000 after acquiring an additional 52,191 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its position in shares of Victory Capital by 9.5% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 26,193 shares of the company’s stock worth $1,715,000 after purchasing an additional 2,278 shares during the last quarter. Argent Capital Management LLC raised its stake in shares of Victory Capital by 10.2% during the 4th quarter. Argent Capital Management LLC now owns 119,827 shares of the company’s stock worth $7,844,000 after purchasing an additional 11,118 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its holdings in shares of Victory Capital by 3.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 24,339 shares of the company’s stock valued at $1,593,000 after buying an additional 712 shares during the last quarter. Finally, Ritholtz Wealth Management grew its stake in shares of Victory Capital by 44.4% in the fourth quarter. Ritholtz Wealth Management now owns 6,960 shares of the company’s stock valued at $456,000 after buying an additional 2,140 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

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.