Victory Capital (NASDAQ:VCTR) Price Target Increased to $55.00 by Analysts at BMO Capital Markets

Victory Capital (NASDAQ:VCTR - Free Report) had its target price lifted by BMO Capital Markets from $53.00 to $55.00 in a research note published on Wednesday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other research analysts also recently weighed in on VCTR. Royal Bank of Canada increased their price target on Victory Capital from $40.00 to $43.00 and gave the company an outperform rating in a research note on Tuesday, February 13th. B. Riley reissued a buy rating and issued a $48.00 price target (up previously from $40.00) on shares of Victory Capital in a research note on Friday, February 16th. Morgan Stanley raised their price objective on Victory Capital from $28.00 to $30.00 and gave the stock an underweight rating in a research note on Monday, February 12th. Finally, UBS Group raised their price objective on Victory Capital from $33.00 to $36.00 and gave the stock a neutral rating in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Victory Capital has an average rating of Hold and a consensus price target of $42.14.

Victory Capital Trading Up 0.1 %

Shares of VCTR stock traded up $0.04 during trading hours on Wednesday, reaching $44.66. The company had a trading volume of 877,637 shares, compared to its average volume of 366,665. The company has a 50 day moving average of $40.07 and a 200 day moving average of $35.25. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 0.53 and a beta of 1.00. Victory Capital has a 1-year low of $27.73 and a 1-year high of $45.38.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.02. The company had revenue of $205.80 million for the quarter, compared to the consensus estimate of $204.20 million. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The firm's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 EPS. On average, equities research analysts anticipate that Victory Capital will post 5.02 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 3.00%. The ex-dividend date was Friday, March 8th. This is an increase from Victory Capital's previous quarterly dividend of $0.32. Victory Capital's dividend payout ratio (DPR) is presently 42.81%.

Institutional Trading of Victory Capital

Several hedge funds have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC acquired a new stake in shares of Victory Capital in the 1st quarter valued at about $298,000. Annex Advisory Services LLC acquired a new stake in shares of Victory Capital in the 1st quarter valued at about $555,000. Quadrature Capital Ltd acquired a new stake in shares of Victory Capital in the 4th quarter valued at about $688,000. Vanguard Group Inc. raised its stake in shares of Victory Capital by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company's stock valued at $110,627,000 after purchasing an additional 104,746 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Victory Capital by 426.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 589,710 shares of the company's stock valued at $20,310,000 after purchasing an additional 477,798 shares during the period. Institutional investors and hedge funds 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.