Victory Capital (NASDAQ:VCTR) Price Target Raised to $72.00 at JPMorgan Chase & Co.

Victory Capital (NASDAQ:VCTR) had its target price boosted by JPMorgan Chase & Co. from $71.00 to $72.00 in a research report report published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities research analysts have also recently issued reports on VCTR. Wall Street Zen cut shares of Victory Capital from a “buy” rating to a “hold” rating in a research note on Monday, April 6th. Barclays upped their price objective on shares of Victory Capital from $69.00 to $74.00 and gave the stock a “negative” rating in a research report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Morgan Stanley dropped their target price on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 10th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $76.13.

Victory Capital Stock Performance

NASDAQ VCTR opened at $74.53 on Monday. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.08 and a beta of 1.04. The stock has a 50-day moving average of $69.94 and a 200 day moving average of $66.83. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.40. Victory Capital has a twelve month low of $53.65 and a twelve month high of $77.78.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.66 by $0.12. The company had revenue of $374.12 million for the quarter, compared to analyst estimates of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.Victory Capital’s quarterly revenue was up 61.0% compared to the same quarter last year. During the same period last year, the company earned $1.45 earnings per share. Sell-side analysts anticipate that Victory Capital will post 6.66 EPS for the current fiscal year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th were issued a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.6%. Victory Capital’s dividend payout ratio is currently 48.16%.

Hedge Funds Weigh In On Victory Capital

A number of institutional investors have recently bought and sold shares of the company. Amundi acquired a new position in Victory Capital in the 4th quarter valued at about $192,735,000. Vanguard Group Inc. raised its position in shares of Victory Capital by 12.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,741,715 shares of the company’s stock valued at $307,073,000 after buying an additional 515,845 shares during the period. FIL Ltd purchased a new stake in shares of Victory Capital during the 4th quarter valued at approximately $26,813,000. Principal Financial Group Inc. lifted its holdings in Victory Capital by 8,812.2% in the third quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock valued at $18,175,000 after acquiring an additional 277,497 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Victory Capital by 163.6% in the third quarter. Invesco Ltd. now owns 431,912 shares of the company’s stock valued at $27,971,000 after acquiring an additional 268,061 shares during the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

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.