Victory Capital (NASDAQ:VCTR) Price Target Raised to $120.00

Victory Capital (NASDAQ:VCTR) had its target price upped by JPMorgan Chase & Co. from $101.00 to $120.00 in a research note published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada increased their price target on Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Barclays raised their price target on Victory Capital from $112.00 to $121.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group set a $117.00 price target on Victory Capital in a research note on Friday, August 28th. The Goldman Sachs Group upped their price objective on shares of Victory Capital from $100.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Finally, Zacks Research downgraded shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $118.00.

Victory Capital Price Performance

Shares of VCTR opened at $108.60 on Friday. The company has a 50 day moving average of $112.17 and a two-hundred day moving average of $94.68. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Victory Capital has a twelve month low of $57.03 and a twelve month high of $123.55. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 0.50 and a beta of 1.12.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.42. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. The business had revenue of $435.36 million for the quarter, compared to the consensus estimate of $386.09 million. As a group, analysts predict that Victory Capital will post 7.79 earnings per share for the current fiscal year.

Victory Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, September 10th. Victory Capital’s payout ratio is presently 36.76%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Nykredit A S purchased a new stake in Victory Capital in the second quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd increased its holdings in Victory Capital by 19,350.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock worth $25,000 after buying an additional 387 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Victory Capital in the 2nd quarter worth approximately $44,000. USA Financial Formulas acquired a new position in Victory Capital in the 3rd quarter worth approximately $74,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in Victory Capital during the 1st quarter worth approximately $46,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

About Victory Capital

Victory Capital Holdings, Inc is an investment management company headquartered in San Antonio, Texas. Through its investment management businesses and affiliated brands, the company provides a range of actively managed and rules-based investment strategies for individual investors, financial intermediaries, retirement plans, institutions and other organizations.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment mandates.