Victory Capital (NASDAQ:VCTR) PT Raised to $57.00 at B. Riley

Victory Capital (NASDAQ:VCTR) had its price objective hoisted by B. Riley from $48.00 to $57.00 in a report issued on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Victory Capital from $40.00 to $43.00 and gave the stock an outperform rating in a research note on Tuesday, February 13th. BMO Capital Markets boosted their price target on shares of Victory Capital from $53.00 to $55.00 and gave the stock an outperform rating in a research note on Wednesday, April 17th. Morgan Stanley upped their target price on shares of Victory Capital from $30.00 to $32.00 and gave the stock an underweight rating in a research note on Wednesday, April 17th. Finally, UBS Group upped their target price on shares of Victory Capital from $33.00 to $36.00 and gave the stock a neutral rating in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of $45.43.

Victory Capital Stock Up 3.1 %

NASDAQ VCTR opened at $48.93 on Friday. The business’s fifty day simple moving average is $40.74 and its 200-day simple moving average is $35.58. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The firm has a market cap of $3.15 billion, a PE ratio of 15.63, a P/E/G ratio of 0.42 and a beta of 1.00. Victory Capital has a 52 week low of $27.73 and a 52 week high of $49.16.

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

Victory Capital Increases Dividend

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

Institutional Investors Weigh In On Victory Capital

Several large investors have recently modified their holdings of VCTR. Blue Trust Inc. lifted its holdings in shares of Victory Capital by 93.5% during 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 raised its position in Victory Capital by 64.1% in 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 in the last quarter. Amalgamated Bank raised its position in Victory Capital by 13.5% in the third quarter. Amalgamated Bank now owns 4,063 shares of the company’s stock worth $135,000 after acquiring an additional 482 shares in the last quarter. SG Americas Securities LLC purchased a new position in Victory Capital in the third quarter worth $156,000. Finally, Olympiad Research LP raised its position in Victory Capital by 6.0% in 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 in the last quarter. 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.