Victory Capital (NASDAQ:VCTR) Price Target Increased to $32.00 by Analysts at Morgan Stanley

Victory Capital (NASDAQ:VCTR) had its price objective upped by Morgan Stanley from $30.00 to $32.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have an underweight rating on the stock.

A number of other research firms have also weighed in on VCTR. Royal Bank of Canada raised their target price on shares of Victory Capital from $40.00 to $43.00 and gave the stock an outperform rating in a research note on Tuesday, February 13th. BMO Capital Markets lifted their price objective on Victory Capital from $53.00 to $55.00 and gave the stock an outperform rating in a research report on Wednesday. UBS Group upped their target price on Victory Capital from $33.00 to $36.00 and gave the company a neutral rating in a report on Wednesday, January 10th. Finally, B. Riley reiterated a buy rating and set a $48.00 price target (up previously from $40.00) on shares of Victory Capital in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $42.43.

Victory Capital Stock Performance

Shares of NASDAQ:VCTR opened at $44.66 on Wednesday. The business’s 50 day moving average price is $40.07 and its 200-day moving average price is $35.25. Victory Capital has a 1 year low of $27.73 and a 1 year high of $45.38. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $2.87 billion, a PE ratio of 14.27, a P/E/G ratio of 0.56 and a beta of 1.00.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Friday, February 9th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $205.80 million during the quarter, compared to analysts’ expectations of $204.20 million. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share. As a group, equities research analysts expect that Victory Capital will post 5.02 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a $0.335 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.34 dividend on an annualized basis and a yield of 3.00%. This is an increase from Victory Capital’s previous quarterly dividend of $0.32. Victory Capital’s payout ratio is currently 42.81%.

Hedge Funds Weigh In On Victory Capital

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in Victory Capital by 7.2% in the first quarter. Bank of New York Mellon Corp now owns 230,872 shares of the company’s stock valued at $6,665,000 after buying an additional 15,601 shares during the last quarter. US Bancorp DE raised its stake in shares of Victory Capital by 50.0% in the 1st quarter. US Bancorp DE now owns 9,000 shares of the company’s stock valued at $260,000 after acquiring an additional 3,000 shares during the period. Bank of Montreal Can lifted its holdings in shares of Victory Capital by 32.9% in the 1st quarter. Bank of Montreal Can now owns 34,499 shares of the company’s stock worth $1,026,000 after acquiring an additional 8,535 shares during the last quarter. BlackRock Inc. boosted its position in shares of Victory Capital by 33.7% during the 1st quarter. BlackRock Inc. now owns 630,415 shares of the company’s stock worth $18,201,000 after purchasing an additional 159,042 shares during the period. Finally, LSV Asset Management increased its holdings in Victory Capital by 2.8% in the 1st quarter. LSV Asset Management now owns 473,454 shares of the company’s stock valued at $13,669,000 after purchasing an additional 12,820 shares during the last quarter. Institutional investors and hedge funds 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.