Victory Capital (NASDAQ:VCTR) Price Target Raised to $70.00

Victory Capital (NASDAQ:VCTR) had its price objective hoisted by Barclays from $69.00 to $70.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other analysts have also issued reports on VCTR. The Goldman Sachs Group upped 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. B. Riley reiterated a “neutral” rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Morgan Stanley lifted their price target on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. UBS Group increased their target price on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets increased their price target on shares of Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Victory Capital currently has an average rating of “Hold” and an average target price of $65.11.

Victory Capital Stock Up 0.9 %

Shares of NASDAQ VCTR opened at $66.18 on Friday. The business has a 50-day moving average of $65.88 and a 200-day moving average of $58.33. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 0.45 and a beta of 0.90. Victory Capital has a 12 month low of $33.39 and a 12 month high of $73.42. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a dividend of $0.44 per share. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Monday, December 9th. Victory Capital’s dividend payout ratio is currently 43.78%.

Institutional Trading of Victory Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. raised its position in shares of Victory Capital by 113.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after purchasing an additional 1,051,459 shares during the period. Annex Advisory Services LLC raised its position in shares of Victory Capital by 599.7% during the 4th quarter. Annex Advisory Services LLC now owns 173,562 shares of the company’s stock valued at $11,361,000 after buying an additional 148,756 shares in the last quarter. Royce & Associates LP bought a new stake in shares of Victory Capital in the 3rd quarter valued at approximately $7,755,000. Geode Capital Management LLC raised its holdings in Victory Capital by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after buying an additional 101,247 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Victory Capital by 28.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company’s stock worth $25,170,000 after buying an additional 100,614 shares during the period. Hedge funds and other institutional investors 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.