Victory Capital (NASDAQ:VCTR) Shares Gap Up Following Analyst Upgrade

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) gapped up prior to trading on Wednesday after Barclays raised their price target on the stock from $62.00 to $68.00. The stock had previously closed at $63.69, but opened at $69.75. Barclays currently has an equal weight rating on the stock. Victory Capital shares last traded at $69.22, with a volume of 379,527 shares traded.

A number of other equities analysts have also issued reports on the stock. Bank of America dropped their target price on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Royal Bank Of Canada upped their price target on Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. B. Riley upped their price target on Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. cut their price target on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, UBS Group decreased their price target on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Victory Capital has an average rating of "Moderate Buy" and an average target price of $72.22.

Institutional Trading of Victory Capital

A number of large investors have recently bought and sold shares of the business. Bosun Asset Management LLC boosted its holdings in shares of Victory Capital by 1.4% in the 4th quarter. Bosun Asset Management LLC now owns 13,016 shares of the company's stock valued at $852,000 after buying an additional 176 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Victory Capital by 4.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company's stock valued at $366,000 after buying an additional 218 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Victory Capital by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company's stock valued at $282,000 after buying an additional 273 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Victory Capital by 7.0% in the 1st quarter. EP Wealth Advisors LLC now owns 4,193 shares of the company's stock valued at $243,000 after buying an additional 273 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in shares of Victory Capital by 0.4% in the 1st quarter. Moody National Bank Trust Division now owns 81,175 shares of the company's stock valued at $4,698,000 after buying an additional 291 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Trading Down 2.9%

The business has a 50 day moving average of $63.67 and a two-hundred day moving average of $62.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.84. The firm has a market cap of $4.63 billion, a P/E ratio of 15.34, a PEG ratio of 0.76 and a beta of 1.03.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.02). The company had revenue of $219.60 million during the quarter, compared to the consensus estimate of $226.38 million. Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 EPS. Analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.49 per share. This is an increase from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.96 annualized dividend and a dividend yield of 2.85%. Victory Capital's dividend payout ratio (DPR) is 43.65%.

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.