Victory Capital (NASDAQ:VCTR) Price Target Raised to $49.00

Victory Capital (NASDAQ:VCTR) had its price objective lifted by JPMorgan Chase & Co. from $45.00 to $49.00 in a research report sent to investors on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Bank of America upped their price target on shares of Victory Capital from $58.00 to $59.00 and gave the stock a buy rating in a research report on Monday, August 12th. Morgan Stanley upped their target price on Victory Capital from $39.00 to $40.00 and gave the stock an underweight rating in a report on Tuesday, August 13th. UBS Group cut their price target on Victory Capital from $50.00 to $49.00 and set a neutral rating on the stock in a report on Wednesday, July 10th. BMO Capital Markets reissued an outperform rating and issued a $57.00 price target (up from $55.00) on shares of Victory Capital in a research report on Monday, May 13th. Finally, Royal Bank of Canada dropped their price objective on Victory Capital from $56.00 to $55.00 and set an outperform rating on the stock in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $53.13.

Victory Capital Stock Up 0.7 %

Shares of NASDAQ:VCTR opened at $52.80 on Monday. The business’s 50 day moving average is $49.72 and its 200 day moving average is $46.41. The stock has a market cap of $3.42 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 0.59 and a beta of 0.93. Victory Capital has a 52-week low of $28.66 and a 52-week high of $54.94. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.87.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be paid a $0.41 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.11%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.37. Victory Capital’s dividend payout ratio is presently 50.31%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Victory Capital by 16.4% during the 1st quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock worth $158,661,000 after purchasing an additional 527,190 shares during the period. Capital World Investors boosted its stake in shares of Victory Capital by 85.8% in the first quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock worth $94,278,000 after buying an additional 1,025,954 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Victory Capital by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company’s stock worth $51,297,000 after acquiring an additional 131,540 shares during the period. LSV Asset Management raised its position in Victory Capital by 2.7% during the second quarter. LSV Asset Management now owns 1,294,722 shares of the company’s stock valued at $61,797,000 after acquiring an additional 34,000 shares in the last quarter. Finally, Granahan Investment Management LLC lifted its holdings in Victory Capital by 22.0% in the fourth quarter. Granahan Investment Management LLC now owns 1,213,589 shares of the company’s stock valued at $41,796,000 after acquiring an additional 219,025 shares during the period. 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.