Victory Capital (NASDAQ:VCTR) Price Target Raised to $71.00

Victory Capital (NASDAQ:VCTR) had its price objective lifted by BMO Capital Markets from $69.00 to $71.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts also recently issued reports on VCTR. Royal Bank of Canada raised their target price on Victory Capital from $55.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. UBS Group boosted their price objective on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group increased their target price on shares of Victory Capital from $59.50 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Barclays started coverage on shares of Victory Capital in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $58.00 price target on the stock. Finally, Morgan Stanley raised their price objective on shares of Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $63.67.

Victory Capital Stock Up 0.2 %

Victory Capital stock opened at $63.51 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $4.12 billion, a P/E ratio of 15.80, a P/E/G ratio of 0.57 and a beta of 0.90. The firm has a 50 day moving average price of $58.01 and a 200-day moving average price of $53.30. Victory Capital has a twelve month low of $31.18 and a twelve month high of $70.56.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.44 per share. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Monday, December 9th. Victory Capital’s payout ratio is 43.78%.

Institutional Investors Weigh In On Victory Capital

A number of institutional investors and hedge funds have recently made changes to their positions in VCTR. Edgestream Partners L.P. bought a new position in Victory Capital in the 3rd quarter worth about $2,941,000. Hantz Financial Services Inc. increased its position in shares of Victory Capital by 153.5% in the third quarter. Hantz Financial Services Inc. now owns 43,836 shares of the company’s stock worth $2,429,000 after purchasing an additional 26,545 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Victory Capital by 53.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,154 shares of the company’s stock valued at $673,000 after purchasing an additional 4,217 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Victory Capital by 37.3% during the third quarter. BNP Paribas Financial Markets now owns 22,240 shares of the company’s stock valued at $1,232,000 after purchasing an additional 6,036 shares during the last quarter. Finally, FMR LLC grew its stake in Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after buying an additional 206 shares in the last quarter. Hedge funds and other 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.