Victory Capital (NASDAQ:VCTR - Free Report) had its target price boosted by Barclays from $59.00 to $62.00 in a research report released on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.
A number of other brokerages also recently weighed in on VCTR. UBS Group cut their target price on Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. cut their target price on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Bank of America cut their target price on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Finally, BMO Capital Markets boosted their target price on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $71.56.
Get Our Latest Stock Report on Victory Capital
Victory Capital Stock Up 0.2%
Victory Capital stock traded up $0.12 during midday trading on Monday, reaching $63.93. The stock had a trading volume of 227,948 shares, compared to its average volume of 354,524. Victory Capital has a 12 month low of $43.82 and a 12 month high of $73.42. The company has a market capitalization of $4.07 billion, a P/E ratio of 14.63, a PEG ratio of 0.55 and a beta of 1.05. The company has a fifty day moving average price of $58.19 and a two-hundred day moving average price of $62.79. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.
Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.02). Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The company had revenue of $219.60 million for the quarter, compared to the consensus estimate of $226.38 million. During the same period in the prior year, the firm posted $1.25 earnings per share. The business's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities analysts expect that Victory Capital will post 6.16 EPS for the current fiscal year.
Victory Capital Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Tuesday, June 10th. This is a boost from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's dividend payout ratio is currently 43.65%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Covestor Ltd grew its stake in shares of Victory Capital by 3,207.1% during the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after buying an additional 449 shares during the last quarter. Versant Capital Management Inc purchased a new stake in Victory Capital in the first quarter worth about $34,000. Principal Securities Inc. lifted its holdings in Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after buying an additional 157 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of Victory Capital during the first quarter valued at approximately $37,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Victory Capital during the fourth quarter valued at approximately $43,000. 87.71% of the stock is owned by institutional investors.
About Victory Capital
(
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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.
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