Victory Capital (NASDAQ:VCTR) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Victory Capital (NASDAQ:VCTR) had its price objective raised by BMO Capital Markets from $71.00 to $78.00 in a research note released on Thursday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other analysts have also recently weighed in on VCTR. Morgan Stanley raised their price target on shares of Victory Capital from $60.00 to $64.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Barclays lifted their price target on shares of Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. UBS Group raised their price target on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Royal Bank of Canada upped their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group lifted their target price on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Victory Capital has an average rating of “Moderate Buy” and an average target price of $64.44.

Victory Capital Price Performance

Shares of VCTR stock opened at $62.59 on Thursday. The stock’s 50-day moving average is $64.08 and its 200 day moving average is $55.85. Victory Capital has a 1-year low of $32.55 and a 1-year high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $4.07 billion, a P/E ratio of 15.57, a PEG ratio of 0.59 and a beta of 0.89.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a dividend of $0.44 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.81%. Victory Capital’s payout ratio is 43.78%.

Institutional Trading of Victory Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC increased its stake in shares of Victory Capital by 486.2% in the second quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after acquiring an additional 564 shares during the period. Contravisory Investment Management Inc. boosted its holdings in Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after purchasing an additional 199 shares during the last quarter. Farther Finance Advisors LLC grew its position in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 452 shares during the period. USA Financial Formulas grew its position in Victory Capital by 157.9% during the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after purchasing an additional 676 shares during the period. Finally, Amalgamated Bank raised its stake in shares of Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after buying an additional 479 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

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.