Victory Capital (NASDAQ:VCTR - Free Report) had its target price raised by BMO Capital Markets from $73.00 to $82.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.
A number of other equities research analysts also recently issued reports on the company. UBS Group increased their price target on Victory Capital from $49.00 to $64.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Morgan Stanley raised their price target on Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Friday, December 20th. Barclays boosted their price target on Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday. The Goldman Sachs Group boosted their target price on shares of Victory Capital from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada upped their price target on shares of Victory Capital from $61.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Victory Capital presently has an average rating of "Hold" and a consensus target price of $66.11.
Check Out Our Latest Stock Report on Victory Capital
Victory Capital Stock Performance
Shares of Victory Capital stock traded up $0.55 during trading on Monday, reaching $68.41. The company's stock had a trading volume of 124,981 shares, compared to its average volume of 297,807. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The business's 50-day moving average price is $65.46 and its 200-day moving average price is $60.27. Victory Capital has a 52 week low of $34.99 and a 52 week high of $73.42. The firm has a market cap of $4.45 billion, a PE ratio of 15.68, a P/E/G ratio of 0.55 and a beta of 0.89.
Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. Equities analysts forecast that Victory Capital will post 6.06 earnings per share for the current year.
Victory Capital Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 2.75%. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. Victory Capital's dividend payout ratio (DPR) is currently 40.27%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of VCTR. World Investment Advisors LLC acquired a new stake in shares of Victory Capital during the 3rd quarter valued at $918,000. Geode Capital Management LLC boosted its stake 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 in the last quarter. McIlrath & Eck LLC acquired a new position in shares of Victory Capital in the third quarter valued at approximately $565,000. Bank of Montreal Can raised its holdings in Victory Capital by 282.0% in the 3rd quarter. Bank of Montreal Can now owns 43,453 shares of the company's stock valued at $2,412,000 after buying an additional 32,079 shares during the last quarter. Finally, Royce & Associates LP acquired a new stake in Victory Capital during the 3rd quarter worth approximately $7,755,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.
About Victory Capital
(
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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.
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