B. Riley Reaffirms Neutral Rating for Victory Capital (NASDAQ:VCTR)

B. Riley reissued their neutral rating on shares of Victory Capital (NASDAQ:VCTR - Free Report) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage currently has a $60.00 price objective on the stock, up from their previous price objective of $57.00.

Other research analysts have also issued research reports about the company. BMO Capital Markets increased their target price on 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 raised their price objective on Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a research report on Friday, December 20th. UBS Group increased their price target on shares of Victory Capital from $49.00 to $64.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Barclays upped their price objective on shares of Victory Capital from $59.00 to $69.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Finally, Royal Bank of Canada lifted their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $65.00.

Victory Capital Trading Down 3.9 %

Victory Capital stock traded down $2.44 during mid-day trading on Tuesday, reaching $60.93. 715,858 shares of the company traded hands, compared to its average volume of 351,852. Victory Capital has a 52-week low of $32.55 and a 52-week high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The firm's 50 day moving average price is $65.65 and its 200 day moving average price is $57.48. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 0.59 and a beta of 0.90.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a $0.44 dividend. The ex-dividend date was Monday, December 9th. This is a boost from Victory Capital's previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 2.89%. Victory Capital's dividend payout ratio is 43.78%.

Institutional Trading of Victory Capital

A number of institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. boosted its position in shares of Victory Capital by 113.2% during the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock valued at $115,990,000 after buying an additional 1,051,459 shares during the last quarter. Bahl & Gaynor Inc. grew its stake in shares of Victory Capital by 8.5% in the second quarter. Bahl & Gaynor Inc. now owns 1,205,601 shares of the company's stock worth $57,543,000 after acquiring an additional 94,653 shares during the period. State Street Corp grew its stake in shares of Victory Capital by 6.4% in the third quarter. State Street Corp now owns 1,162,842 shares of the company's stock worth $64,421,000 after acquiring an additional 69,654 shares during the period. Geode Capital Management LLC raised its holdings in shares of Victory Capital by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock valued at $57,446,000 after purchasing an additional 101,247 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in Victory Capital by 13.0% during the second quarter. Acadian Asset Management LLC now owns 470,210 shares of the company's stock valued at $22,436,000 after purchasing an additional 54,090 shares during the period. 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.