Victory Capital (NASDAQ:VCTR) PT Raised to $55.00 at BMO Capital Markets

Victory Capital (NASDAQ:VCTR) had its price objective upped by BMO Capital Markets from $53.00 to $55.00 in a research report sent to investors on Wednesday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

VCTR has been the subject of a number of other research reports. Royal Bank of Canada raised their price target on shares of Victory Capital from $40.00 to $43.00 and gave the stock an outperform rating in a research note on Tuesday, February 13th. Morgan Stanley raised their price target on shares of Victory Capital from $28.00 to $30.00 and gave the stock an underweight rating in a research note on Monday, February 12th. B. Riley reiterated a buy rating and issued a $48.00 target price (up previously from $40.00) on shares of Victory Capital in a research note on Friday, February 16th. Finally, UBS Group lifted their target price on shares of Victory Capital from $33.00 to $36.00 and gave the company a neutral rating in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given 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 price target of $42.14.

Victory Capital Stock Up 0.1 %

Shares of VCTR opened at $44.66 on Wednesday. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 0.56 and a beta of 1.00. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Victory Capital has a 12 month low of $27.73 and a 12 month high of $45.38. The company has a 50-day moving average price of $40.07 and a two-hundred day moving average price of $35.25.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 25.96% and a return on equity of 28.70%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. Equities analysts predict that Victory Capital will post 5.02 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a $0.335 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.00%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.32. Victory Capital’s dividend payout ratio (DPR) is currently 42.81%.

Institutional Trading of Victory Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Victory Capital by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock valued at $110,627,000 after purchasing an additional 104,746 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Victory Capital by 8.0% in the second quarter. BlackRock Inc. now owns 2,668,250 shares of the company’s stock valued at $84,157,000 after purchasing an additional 196,857 shares in the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of Victory Capital by 19.2% in the third quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company’s stock valued at $60,537,000 after purchasing an additional 292,225 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Victory Capital by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company’s stock worth $51,297,000 after acquiring an additional 131,540 shares during the period. Finally, LSV Asset Management grew its holdings in Victory Capital by 22.2% during the 3rd quarter. LSV Asset Management now owns 1,380,922 shares of the company’s stock worth $46,040,000 after acquiring an additional 250,600 shares during the period. 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.