Victory Capital (NASDAQ:VCTR) Given New $48.00 Price Target at UBS Group

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

VCTR has been the subject of several other reports. Royal Bank of Canada boosted their price objective on Victory Capital from $40.00 to $43.00 and gave the stock an outperform rating in a report on Tuesday, February 13th. BMO Capital Markets boosted their price objective on Victory Capital from $53.00 to $55.00 and gave the stock an outperform rating in a report on Wednesday, April 17th. Morgan Stanley upped their price target on Victory Capital from $30.00 to $32.00 and gave the company an underweight rating in a research note on Wednesday, April 17th. Finally, B. Riley upped their price target on Victory Capital from $48.00 to $57.00 and gave the company a buy rating in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Victory Capital presently has an average rating of Hold and an average target price of $46.67.

Victory Capital Price Performance

Shares of VCTR stock opened at $50.15 on Monday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 0.45 and a beta of 1.00. Victory Capital has a 12 month low of $27.73 and a 12 month high of $50.97. 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 stock has a 50-day moving average price of $41.34 and a 200 day moving average price of $35.82.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. The firm had revenue of $205.80 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. Research analysts expect that Victory Capital will post 5.14 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 2.67%. This is a boost 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 presently 42.81%.

Institutional Trading of Victory Capital

Large investors have recently bought and sold shares of the business. Blue Trust Inc. increased its stake in Victory Capital by 93.5% during the 4th quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock worth $41,000 after purchasing an additional 602 shares in the last quarter. New York State Teachers Retirement System increased its stake in Victory Capital by 64.1% during the 3rd quarter. New York State Teachers Retirement System now owns 2,461 shares of the company’s stock worth $82,000 after purchasing an additional 961 shares in the last quarter. Amalgamated Bank increased its stake in Victory Capital by 13.5% during the 3rd quarter. Amalgamated Bank now owns 4,063 shares of the company’s stock worth $135,000 after purchasing an additional 482 shares in the last quarter. SG Americas Securities LLC bought a new stake in Victory Capital during the 3rd quarter worth approximately $156,000. Finally, Olympiad Research LP increased its stake in Victory Capital by 6.0% during the 3rd quarter. Olympiad Research LP now owns 6,910 shares of the company’s stock worth $230,000 after purchasing an additional 394 shares in the last quarter. 87.71% of the stock is owned by institutional investors.

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.