BMO Capital Markets Issues Positive Forecast for Victory Capital (NASDAQ:VCTR) Stock Price

Victory Capital (NASDAQ:VCTR) had its price objective raised by BMO Capital Markets from $73.00 to $82.00 in a research report released on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada raised their price target on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Morgan Stanley lifted their target price on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. UBS Group boosted their price target on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their target price on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, B. Riley restated a “neutral” rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $66.11.

Victory Capital Trading Down 1.4 %

Shares of NASDAQ VCTR opened at $67.86 on Monday. The company’s fifty day moving average is $65.46 and its 200-day moving average is $60.27. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 0.55 and a beta of 0.89. Victory Capital has a twelve month low of $34.49 and a twelve month high of $73.42.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. Equities research analysts predict that Victory Capital will post 6.06 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be paid a $0.47 dividend. The ex-dividend date is Tuesday, February 18th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 2.77%. Victory Capital’s payout ratio is 40.27%.

Hedge Funds Weigh In On Victory Capital

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its position in shares of Victory Capital by 367.5% during the third 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. Principal Securities Inc. raised its position in Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after buying an additional 157 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Victory Capital in the 4th quarter valued at $43,000. Quantbot Technologies LP bought a new position in Victory Capital in the 3rd quarter valued at $72,000. Finally, FMR LLC grew its stake in Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after purchasing an additional 206 shares during the period. 87.71% of the stock is 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.