Victory Capital (NASDAQ:VCTR) Price Target Raised to $69.00

Victory Capital (NASDAQ:VCTR) had its price objective hoisted by Barclays from $59.00 to $69.00 in a report issued on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts have also commented on VCTR. JPMorgan Chase & Co. increased their price objective on shares of Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. UBS Group boosted their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada boosted their price objective on shares of Victory Capital from $55.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. The Goldman Sachs Group raised their target price on shares of Victory Capital from $59.50 to $60.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets lifted their price target on shares of Victory Capital from $69.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.67.

Victory Capital Stock Up 0.2 %

NASDAQ VCTR opened at $63.51 on Monday. Victory Capital has a 12 month low of $31.18 and a 12 month high of $70.56. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84. The stock has a market cap of $4.12 billion, a PE ratio of 15.80, a P/E/G ratio of 0.57 and a beta of 0.90. The stock’s 50 day moving average is $58.01 and its 200 day moving average is $53.30.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Monday, December 9th. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s payout ratio is currently 43.78%.

Hedge Funds Weigh In On Victory Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC lifted its holdings in Victory Capital by 486.2% during the second quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after buying an additional 564 shares during the period. Contravisory Investment Management Inc. boosted its position in Victory Capital by 53.2% during 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 in the last quarter. Farther Finance Advisors LLC grew its stake in Victory Capital by 367.5% in the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 452 shares during the last quarter. USA Financial Formulas raised its holdings in Victory Capital by 157.9% in the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after purchasing an additional 676 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Victory Capital by 50.7% during the second 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. 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.