Victory Capital (NASDAQ:VCTR) Price Target Raised to $119.00

by · The Markets Daily

Victory Capital (NASDAQ:VCTR – Free Report) had its price target upped by Morgan Stanley from $115.00 to $119.00 in a report issued on Wednesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research analysts have also recently issued reports on the company. UBS Group set a $117.00 price target on Victory Capital in a research note on Friday, August 28th. Barclays raised their price objective on shares of Victory Capital from $112.00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 14th. Royal Bank Of Canada boosted their target price on Victory Capital from $107.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. The Goldman Sachs Group upped their target price on Victory Capital from $100.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Finally, Zacks Research lowered Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Victory Capital presently has a consensus rating of “Hold” and an average target price of $118.67.

Check Out Our Latest Stock Analysis on VCTR

Victory Capital Stock Performance

Shares of NASDAQ VCTR opened at $110.62 on Wednesday. The company has a 50-day simple moving average of $110.92 and a 200-day simple moving average of $89.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $6.80 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 0.53 and a beta of 1.12. Victory Capital has a 12 month low of $57.03 and a 12 month high of $123.55.

Victory Capital (NASDAQ:VCTR – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.42. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. The business had revenue of $435.36 million for the quarter, compared to the consensus estimate of $386.09 million. On average, equities analysts anticipate that Victory Capital will post 7.78 earnings per share for the current year.

Victory Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Thursday, September 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Thursday, September 10th. Victory Capital’s dividend payout ratio (DPR) is presently 36.76%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VCTR. RFG Advisory LLC purchased a new stake in shares of Victory Capital in the second quarter valued at $1,197,000. Royal Bank of Canada grew its position in Victory Capital by 26.8% in the first quarter. Royal Bank of Canada now owns 182,050 shares of the company’s stock worth $11,920,000 after acquiring an additional 38,511 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Victory Capital by 203.5% during the 1st quarter. Janus Henderson Group PLC now owns 58,127 shares of the company’s stock worth $3,805,000 after purchasing an additional 38,977 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Victory Capital by 12.4% during the 1st quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock worth $65,965,000 after purchasing an additional 111,063 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Victory Capital during the 2nd quarter valued at $4,710,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

About Victory Capital

(Get Free Report)

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.

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