Victory Capital (NASDAQ:VCTR) Price Target Increased to $48.00 by Analysts at UBS Group

Victory Capital (NASDAQ:VCTR) had its target price increased by UBS Group from $37.00 to $48.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also recently issued reports about the stock. B. Riley boosted their price objective on shares of Victory Capital from $48.00 to $57.00 and gave the company a buy rating in a report on Friday. Morgan Stanley upped their target price on shares of Victory Capital from $30.00 to $32.00 and gave the company an underweight rating in a report on Wednesday, April 17th. BMO Capital Markets upped their target price on shares of Victory Capital from $53.00 to $55.00 and gave the company an outperform rating in a report on Wednesday, April 17th. Finally, Royal Bank of Canada upped their target price on shares of Victory Capital from $40.00 to $43.00 and gave the company an outperform rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $45.43.

Victory Capital Trading Up 3.1 %

NASDAQ:VCTR opened at $48.93 on Monday. Victory Capital has a one year low of $27.73 and a one year high of $49.16. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.66. The company’s 50-day simple moving average is $40.74 and its 200 day simple moving average is $35.58. The firm has a market capitalization of $3.15 billion, a P/E ratio of 15.63, a PEG ratio of 0.42 and a beta of 1.00.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.11 by $0.02. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The business had revenue of $205.80 million for the quarter, compared to analyst estimates of $204.20 million. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Victory Capital’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, analysts forecast that Victory Capital will post 5.13 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a $0.335 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.32. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, March 8th. Victory Capital’s dividend payout ratio is presently 42.81%.

Hedge Funds Weigh In On Victory Capital

A number of hedge funds have recently modified their holdings of VCTR. Blue Trust Inc. boosted its position in shares of Victory Capital by 93.5% in the fourth quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock worth $41,000 after purchasing an additional 602 shares during the period. New York State Teachers Retirement System boosted its position in shares of Victory Capital by 64.1% during the third quarter. New York State Teachers Retirement System now owns 2,461 shares of the company’s stock worth $82,000 after acquiring an additional 961 shares during the last quarter. Amalgamated Bank boosted its position in shares of Victory Capital by 13.5% during the third quarter. Amalgamated Bank now owns 4,063 shares of the company’s stock worth $135,000 after acquiring an additional 482 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Victory Capital during the third quarter worth $156,000. Finally, Olympiad Research LP boosted its position in shares of Victory Capital by 6.0% during the third quarter. Olympiad Research LP now owns 6,910 shares of the company’s stock worth $230,000 after acquiring an additional 394 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors.

About Victory Capital

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.