Victory Capital (NASDAQ:VCTR) Price Target Raised to $71.00 at JPMorgan Chase & Co.

Victory Capital (NASDAQ:VCTR) had its price objective upped by JPMorgan Chase & Co. from $70.00 to $71.00 in a report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued research reports about the stock. Barclays reduced their target price on shares of Victory Capital from $72.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, October 8th. Bank of America lifted their price objective on shares of Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $76.00 target price on shares of Victory Capital in a research note on Tuesday, September 23rd. Finally, Zacks Research cut Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.11.

Victory Capital Stock Performance

NASDAQ:VCTR opened at $66.93 on Tuesday. Victory Capital has a fifty-two week low of $47.00 and a fifty-two week high of $73.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.26 and a current ratio of 1.26. The company has a 50 day moving average price of $64.17 and a 200 day moving average price of $66.27. The stock has a market capitalization of $4.35 billion, a P/E ratio of 17.07, a PEG ratio of 0.68 and a beta of 1.07.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.03. Victory Capital had a net margin of 25.27% and a return on equity of 24.23%. The company had revenue of $361.20 million for the quarter, compared to analyst estimates of $361.14 million. During the same period in the prior year, the firm earned $1.35 earnings per share. The business’s revenue for the quarter was up 60.1% compared to the same quarter last year. Equities research analysts forecast that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, December 10th. Victory Capital’s payout ratio is presently 50.00%.

Institutional Investors Weigh In On Victory Capital

Several large investors have recently modified their holdings of VCTR. Vicus Capital purchased a new position in Victory Capital during the 2nd quarter worth $279,000. Annex Advisory Services LLC raised its holdings in shares of Victory Capital by 4.6% in the third quarter. Annex Advisory Services LLC now owns 544,078 shares of the company’s stock valued at $35,234,000 after buying an additional 24,050 shares during the last quarter. Amundi purchased a new stake in shares of Victory Capital in the second quarter valued at about $213,219,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Victory Capital by 55.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,816 shares of the company’s stock worth $370,000 after buying an additional 2,063 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in shares of Victory Capital by 4.6% during the second quarter. Acadian Asset Management LLC now owns 104,034 shares of the company’s stock worth $6,622,000 after buying an additional 4,594 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.