Victory Capital (NASDAQ:VCTR) Price Target Increased to $57.00 by Analysts at B. Riley

Victory Capital (NASDAQ:VCTR - Free Report) had its price target lifted by B. Riley from $48.00 to $57.00 in a research note published on Friday, Benzinga reports. B. Riley currently has a buy rating on the stock.

A number of other research firms also recently weighed in on VCTR. Morgan Stanley raised their price target on Victory Capital from $30.00 to $32.00 and gave the company an underweight rating in a research report on Wednesday. Royal Bank of Canada lifted their price objective on Victory Capital from $40.00 to $43.00 and gave the stock an outperform rating in a report on Tuesday, February 13th. BMO Capital Markets lifted their price objective on Victory Capital from $53.00 to $55.00 and gave the stock an outperform rating in a report on Wednesday. Finally, UBS Group lifted their price objective on Victory Capital from $33.00 to $36.00 and gave the stock a neutral rating in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Victory Capital presently has an average rating of Hold and a consensus price target of $43.71.

Victory Capital Price Performance

NASDAQ VCTR traded up $1.57 during trading hours on Friday, reaching $47.47. 812,112 shares of the stock traded hands, compared to its average volume of 377,760. The stock has a 50 day simple moving average of $40.50 and a two-hundred day simple moving average of $35.42. Victory Capital has a 1 year low of $27.73 and a 1 year high of $47.85. 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 company has a market cap of $3.05 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released 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. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The business had revenue of $205.80 million for the quarter, compared to the consensus estimate of $204.20 million. During the same quarter last year, the business posted $1.03 earnings per share. The company's revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts predict that Victory Capital will post 5.02 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a $0.335 dividend. The ex-dividend date was Friday, March 8th. This is a boost from Victory Capital's previous quarterly dividend of $0.32. This represents a $1.34 annualized dividend and a dividend yield of 2.82%. Victory Capital's dividend payout ratio (DPR) is presently 42.81%.

Institutional Trading of Victory Capital

Several large investors have recently modified their holdings of VCTR. West Tower Group LLC bought a new stake in Victory Capital during the 4th quarter valued at approximately $27,000. Tower Research Capital LLC TRC boosted its position in Victory Capital by 135.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 873 shares of the company's stock valued at $28,000 after acquiring an additional 502 shares in the last quarter. Citigroup Inc. boosted its position in Victory Capital by 87.7% during the 4th quarter. Citigroup Inc. now owns 1,265 shares of the company's stock valued at $34,000 after acquiring an additional 591 shares in the last quarter. Blue Trust Inc. boosted its position in Victory Capital by 93.5% during the 4th quarter. Blue Trust Inc. now owns 1,246 shares of the company's stock valued at $41,000 after acquiring an additional 602 shares in the last quarter. Finally, Bamco Inc. NY bought a new stake in Victory Capital during the 4th quarter valued at approximately $49,000. 87.71% of the stock is owned by institutional investors.

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.