UBS Group Raises Victory Capital (NASDAQ:VCTR) Price Target to $64.00

Victory Capital (NASDAQ:VCTR - Free Report) had its price objective increased by UBS Group from $49.00 to $64.00 in a research report sent to investors on Tuesday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the company. Morgan Stanley upgraded Victory Capital from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $40.00 to $60.00 in a research report on Friday. The Goldman Sachs Group boosted their price objective on Victory Capital from $59.50 to $60.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Royal Bank of Canada upped their price objective on shares of Victory Capital from $55.00 to $61.00 and gave the stock an "outperform" rating in a research report on Friday, October 11th. Barclays initiated coverage on shares of Victory Capital in a research report on Tuesday, August 27th. They set an "equal weight" rating and a $58.00 target price for the company. Finally, Bank of America increased their price target on shares of Victory Capital from $58.00 to $59.00 and gave the stock a "buy" rating in a report on Monday, August 12th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Victory Capital currently has an average rating of "Moderate Buy" and an average target price of $59.67.

Victory Capital Price Performance

Shares of Victory Capital stock traded down $0.13 on Tuesday, reaching $60.38. The stock had a trading volume of 127,345 shares, compared to its average volume of 380,043. The business's 50 day moving average is $54.69 and its two-hundred day moving average is $51.38. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. Victory Capital has a 1 year low of $28.66 and a 1 year high of $61.68. The company has a market cap of $3.91 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 0.65 and a beta of 0.91.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.04. The business had revenue of $219.62 million for the quarter, compared to analysts' expectations of $220.82 million. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. As a group, research analysts anticipate that Victory Capital will post 5.19 EPS for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th were paid a $0.41 dividend. This is a boost from Victory Capital's previous quarterly dividend of $0.37. This represents a $1.64 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Tuesday, September 10th. Victory Capital's payout ratio is 50.31%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC boosted its position in Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company's stock valued at $32,000 after buying an additional 564 shares during the period. Contravisory Investment Management Inc. boosted its holdings in shares of Victory Capital by 53.2% during the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company's stock worth $32,000 after purchasing an additional 199 shares during the period. USA Financial Formulas boosted its holdings in shares of Victory Capital by 157.9% during the third quarter. USA Financial Formulas now owns 1,104 shares of the company's stock worth $61,000 after purchasing an additional 676 shares during the period. Amalgamated Bank grew its stake in shares of Victory Capital by 50.7% in the second quarter. Amalgamated Bank now owns 1,423 shares of the company's stock worth $68,000 after purchasing an additional 479 shares during the last quarter. Finally, nVerses Capital LLC increased its holdings in Victory Capital by 200.0% during the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the company's stock valued at $129,000 after purchasing an additional 1,800 shares during the period. Institutional investors own 87.71% of the company's stock.

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.