Victory Capital (NASDAQ:VCTR) Price Target Raised to $55.00

Victory Capital (NASDAQ:VCTR) had its price target increased by BMO Capital Markets from $53.00 to $55.00 in a report released on Wednesday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts have also recently commented on the stock. B. Riley restated a buy rating and set a $48.00 price target (up from $40.00) on shares of Victory Capital in a report on Friday, February 16th. UBS Group raised their price target on shares of Victory Capital from $33.00 to $36.00 and gave the stock a neutral rating in a report on Wednesday, January 10th. Morgan Stanley raised their price target on shares of Victory Capital from $28.00 to $30.00 and gave the stock an underweight rating in a report on Monday, February 12th. Finally, Royal Bank of Canada raised their price target on shares of Victory Capital from $40.00 to $43.00 and gave the stock an outperform rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $43.71.

Victory Capital Stock Performance

Victory Capital stock opened at $47.47 on Wednesday. The firm’s 50 day simple moving average is $40.50 and its 200-day simple moving average is $35.42. The company has a market cap of $3.05 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.66. Victory Capital has a fifty-two week low of $27.73 and a fifty-two week high of $47.85.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. The business had revenue of $205.80 million for the quarter, compared to the consensus estimate of $204.20 million. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. As a group, equities research analysts predict that Victory Capital will post 5.02 EPS for the current 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 paid a $0.335 dividend. The ex-dividend date was Friday, March 8th. This is a boost from Victory Capital’s previous quarterly dividend of $0.32. This represents a $1.34 dividend on an annualized basis and a yield of 2.82%. Victory Capital’s payout ratio is 42.81%.

Institutional Trading of Victory Capital

A number of institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. lifted its stake in Victory Capital by 1.3% in the fourth quarter. Federated Hermes Inc. now owns 28,896 shares of the company’s stock valued at $995,000 after acquiring an additional 383 shares during the last quarter. Olympiad Research LP lifted its stake in shares of Victory Capital by 6.0% in the third quarter. Olympiad Research LP now owns 6,910 shares of the company’s stock worth $230,000 after buying an additional 394 shares during the last quarter. State of Wyoming lifted its stake in shares of Victory Capital by 7.6% in the fourth quarter. State of Wyoming now owns 5,729 shares of the company’s stock worth $154,000 after buying an additional 405 shares during the last quarter. SMH Capital Advisors Inc. lifted its stake in shares of Victory Capital by 4.4% in the fourth quarter. SMH Capital Advisors Inc. now owns 10,088 shares of the company’s stock worth $271,000 after buying an additional 423 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Victory Capital by 3.9% in the first quarter. Sei Investments Co. now owns 11,801 shares of the company’s stock worth $345,000 after buying an additional 446 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

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.