Victory Capital (NASDAQ:VCTR) Price Target Raised to $68.00

by · The Cerbat Gem

Victory Capital (NASDAQ:VCTR – Free Report) had its target price upped by The Goldman Sachs Group from $60.00 to $68.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on VCTR. Morgan Stanley raised their target price on shares of Victory Capital from $60.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday. Royal Bank of Canada lifted their target price on Victory Capital from $55.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. BMO Capital Markets increased their price target on Victory Capital from $69.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday. Bank of America lifted their price objective on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Barclays increased their target price on Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $62.44.

Read Our Latest Research Report on Victory Capital

Victory Capital Trading Down 7.8 %

VCTR stock opened at $64.74 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.91 and a quick ratio of 0.91. Victory Capital has a 1-year low of $30.60 and a 1-year high of $70.56. The business has a 50 day simple moving average of $57.57 and a two-hundred day simple moving average of $53.16. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 0.70 and a beta of 0.90.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.72%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, December 9th. Victory Capital’s payout ratio is presently 43.78%.

Institutional Trading of Victory Capital

Several institutional investors have recently added to or reduced their stakes in the company. Capital World Investors lifted its stake in shares of Victory Capital by 85.8% during the 1st quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock worth $94,278,000 after acquiring an additional 1,025,954 shares during the last quarter. Swedbank AB purchased a new position in Victory Capital in the 1st quarter worth about $29,701,000. Vanguard Group Inc. grew its stake in Victory Capital by 16.4% in the 1st quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock worth $158,661,000 after acquiring an additional 527,190 shares in the last quarter. Bahl & Gaynor Inc. increased its position in shares of Victory Capital by 35.0% during the first quarter. Bahl & Gaynor Inc. now owns 1,110,948 shares of the company’s stock worth $47,138,000 after acquiring an additional 288,280 shares during the period. Finally, F M Investments LLC bought a new stake in shares of Victory Capital during the second quarter valued at approximately $11,149,000. Institutional investors own 87.71% of the company’s stock.

About Victory Capital

(Get Free Report)

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.

Recommended Stories