Victory Capital’s (VCTR) Neutral Rating Reaffirmed at B. Riley

B. Riley reissued their neutral rating on shares of Victory Capital (NASDAQ:VCTR) in a research note published on Tuesday morning, Marketbeat.com reports. B. Riley currently has a $60.00 price objective on the stock, up from their previous price objective of $57.00.

Several other analysts have also issued reports on VCTR. Barclays boosted their price target on Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Royal Bank of Canada lifted their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. UBS Group boosted their target price on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley increased their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group increased their target price on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.00.

Victory Capital Trading Down 3.9 %

NASDAQ VCTR opened at $60.93 on Tuesday. The stock has a market cap of $3.96 billion, a P/E ratio of 15.16, a P/E/G ratio of 0.59 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a 12 month low of $32.55 and a 12 month high of $73.42. The stock’s fifty day moving average price is $65.65 and its 200-day moving average price is $57.48.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.89%. The ex-dividend date was Monday, December 9th. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio is currently 43.78%.

Institutional Trading of Victory Capital

Large investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. grew its stake in shares of Victory Capital by 53.2% in the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after buying an additional 199 shares during the period. Farther Finance Advisors LLC grew its position in Victory Capital by 367.5% in the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after acquiring an additional 452 shares during the period. USA Financial Formulas increased its stake in Victory Capital by 157.9% during the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after acquiring an additional 676 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Victory Capital during the third quarter worth $72,000. Finally, FMR LLC raised its position in Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after purchasing an additional 206 shares during the period. 87.71% of the stock is currently owned by hedge funds and other 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.