Victory Capital (NASDAQ:VCTR) Price Target Increased to $48.00 by Analysts at UBS Group

Victory Capital (NASDAQ:VCTRFree Report) had its price target increased by UBS Group from $37.00 to $48.00 in a report issued on Monday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also weighed in on VCTR. B. Riley upped their target price on shares of Victory Capital from $48.00 to $57.00 and gave the stock a buy rating in a report on Friday, April 19th. Royal Bank of Canada increased their price target on shares of Victory Capital from $40.00 to $43.00 and gave the stock an outperform rating in a report on Tuesday, February 13th. Morgan Stanley increased their price target on shares of Victory Capital from $30.00 to $32.00 and gave the stock an underweight rating in a report on Wednesday, April 17th. Finally, BMO Capital Markets increased their price target on shares of Victory Capital from $53.00 to $55.00 and gave the stock an outperform rating in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Victory Capital has a consensus rating of Hold and an average price target of $46.67.

Check Out Our Latest Stock Report on VCTR

Victory Capital Stock Performance

Victory Capital stock opened at $50.02 on Monday. The firm’s 50 day simple moving average is $41.05 and its 200 day simple moving average is $35.72. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.22 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.44 and a beta of 1.00. Victory Capital has a 1-year low of $27.73 and a 1-year high of $50.97.

Victory Capital (NASDAQ:VCTRGet Free Report) last posted its earnings results on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $205.80 million for the quarter, compared to analyst estimates of $204.20 million. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. Victory Capital’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 EPS. As a group, analysts expect that Victory Capital will post 5.14 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a $0.335 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.68%. Victory Capital’s dividend payout ratio is presently 42.81%.

Hedge Funds Weigh In On Victory Capital

Several institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. grew its holdings in shares of Victory Capital by 1.3% during the 4th quarter. Federated Hermes Inc. now owns 28,896 shares of the company’s stock valued at $995,000 after purchasing an additional 383 shares during the last quarter. Olympiad Research LP grew its holdings in shares of Victory Capital by 6.0% during the 3rd quarter. Olympiad Research LP now owns 6,910 shares of the company’s stock valued at $230,000 after purchasing an additional 394 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Victory Capital by 13.5% during the 3rd quarter. Amalgamated Bank now owns 4,063 shares of the company’s stock valued at $135,000 after purchasing an additional 482 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of 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 purchasing an additional 602 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Victory Capital by 9.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,733 shares of the company’s stock valued at $324,000 after purchasing an additional 844 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Company Profile

(Get Free Report)

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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Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

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