Barclays Forecasts Strong Price Appreciation for Victory Capital (NASDAQ:VCTR) Stock

Victory Capital (NASDAQ:VCTR) had its target price lifted by Barclays from $59.00 to $69.00 in a research note published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

VCTR has been the topic of several other research reports. JPMorgan Chase & Co. boosted their price target on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. The Goldman Sachs Group lifted their price objective on shares of Victory Capital from $59.50 to $60.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Bank of America increased their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Morgan Stanley upped their price target on shares of Victory Capital from $60.00 to $64.00 and gave the company an “equal weight” rating in a report on Monday. Finally, BMO Capital Markets boosted their price objective on Victory Capital from $69.00 to $71.00 and gave the company an “outperform” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.44.

Victory Capital Trading Down 2.1 %

NASDAQ VCTR opened at $63.37 on Monday. Victory Capital has a 12-month low of $31.18 and a 12-month high of $70.56. The company has a fifty day simple moving average of $57.78 and a two-hundred day simple moving average of $53.23. 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 $4.11 billion, a P/E ratio of 15.76, a P/E/G ratio of 0.57 and a beta of 0.90.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.78%. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, December 9th. Victory Capital’s dividend payout ratio (DPR) is presently 40.80%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VCTR. Capital World Investors lifted its position in shares of Victory Capital by 85.8% in the first quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock valued at $94,278,000 after acquiring an additional 1,025,954 shares in the last quarter. Swedbank AB lifted its stake in shares of Victory Capital by 7.1% in the second quarter. Swedbank AB now owns 750,000 shares of the company’s stock worth $35,798,000 after buying an additional 50,000 shares in the last quarter. Sei Investments Co. boosted its position in Victory Capital by 106.7% during the first quarter. Sei Investments Co. now owns 113,254 shares of the company’s stock worth $4,805,000 after acquiring an additional 58,458 shares during the last quarter. Inspire Investing LLC purchased a new stake in Victory Capital during the 1st quarter valued at about $884,000. Finally, Acadian Asset Management LLC raised its holdings in Victory Capital by 73.0% in the 1st quarter. Acadian Asset Management LLC now owns 416,120 shares of the company’s stock valued at $17,649,000 after acquiring an additional 175,576 shares during the last quarter. Institutional investors and hedge funds 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.