Barclays Raises Victory Capital (NASDAQ:VCTR) Price Target to $75.00

Victory Capital (NASDAQ:VCTR) had its price target upped by Barclays from $70.00 to $75.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts have also weighed in on VCTR. B. Riley restated a “neutral” rating and set a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. The Goldman Sachs Group boosted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets lifted their target price on shares of Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Morgan Stanley boosted their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Finally, Royal Bank of Canada upped their price target 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. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $66.11.

Victory Capital Stock Down 1.4 %

Victory Capital stock opened at $67.86 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a 12-month low of $34.49 and a 12-month high of $73.42. The firm’s fifty day moving average is $65.46 and its 200 day moving average is $60.27. The company has a market capitalization of $4.41 billion, a PE ratio of 15.53, a PEG ratio of 0.55 and a beta of 0.89.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share 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%. As a group, sell-side analysts predict that Victory Capital will post 6.06 EPS for the current fiscal year.

Victory Capital Increases Dividend

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

Hedge Funds Weigh In On Victory Capital

A number of hedge funds have recently bought and sold shares of the company. Principal Securities Inc. lifted its stake in Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after acquiring an additional 157 shares during the period. FMR LLC increased its holdings in Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after acquiring an additional 206 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Victory Capital by 4.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company’s stock worth $366,000 after acquiring an additional 218 shares in the last quarter. HighTower Advisors LLC grew its holdings in Victory Capital by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock valued at $520,000 after buying an additional 377 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after buying an additional 452 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

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.