Victory Capital (NASDAQ:VCTR) Given New $49.00 Price Target at UBS Group

Victory Capital (NASDAQ:VCTRFree Report) had its target price reduced by UBS Group from $50.00 to $49.00 in a research report released on Wednesday morning, Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other research firms also recently commented on VCTR. Morgan Stanley increased their target price on Victory Capital from $32.00 to $39.00 and gave the company an underweight rating in a research report on Wednesday, May 15th. JPMorgan Chase & Co. lifted their price objective on shares of Victory Capital from $43.00 to $45.00 and gave the stock a neutral rating in a research note on Monday, May 13th. Royal Bank of Canada upped their target price on shares of Victory Capital from $47.00 to $56.00 and gave the company an outperform rating in a research report on Tuesday, May 14th. B. Riley lifted their price target on Victory Capital from $48.00 to $57.00 and gave the stock a buy rating in a research report on Friday, April 19th. Finally, BMO Capital Markets restated an outperform rating and set a $57.00 price objective (up from $55.00) on shares of Victory Capital in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $49.71.

Check Out Our Latest Analysis on VCTR

Victory Capital Stock Performance

VCTR opened at $48.00 on Wednesday. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 0.51 and a beta of 0.93. Victory Capital has a fifty-two week low of $28.66 and a fifty-two week high of $54.94. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.71 and a current ratio of 0.71. The company has a fifty day moving average of $50.20 and a 200 day moving average of $42.93.

Victory Capital (NASDAQ:VCTRGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The firm had revenue of $215.86 million during the quarter, compared to analyst estimates of $219.14 million. Victory Capital had a return on equity of 29.23% and a net margin of 26.28%. As a group, sell-side analysts forecast that Victory Capital will post 5.21 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, June 10th were given a $0.37 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Monday, June 10th. Victory Capital’s dividend payout ratio is 45.40%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bahl & Gaynor Inc. lifted its stake in shares of Victory Capital by 5.0% during the 4th quarter. Bahl & Gaynor Inc. now owns 822,668 shares of the company’s stock worth $28,333,000 after acquiring an additional 38,895 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Victory Capital by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock worth $110,627,000 after purchasing an additional 104,746 shares during the last quarter. Granahan Investment Management LLC boosted its stake in shares of Victory Capital by 22.0% during the fourth quarter. Granahan Investment Management LLC now owns 1,213,589 shares of the company’s stock valued at $41,796,000 after purchasing an additional 219,025 shares during the period. Bard Financial Services Inc. grew its holdings in shares of Victory Capital by 82.8% in the fourth quarter. Bard Financial Services Inc. now owns 40,885 shares of the company’s stock worth $1,408,000 after purchasing an additional 18,525 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Victory Capital in the 4th quarter worth about $688,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

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