Victory Capital (NASDAQ:VCTR) Price Target Lowered to $69.00 at Morgan Stanley

Victory Capital (NASDAQ:VCTR) had its target price trimmed by Morgan Stanley from $70.00 to $69.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages have also weighed in on VCTR. Zacks Research lowered Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st. Barclays dropped 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.00.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $69.00 on Tuesday. The firm has a market cap of $4.48 billion, a P/E ratio of 17.60, a PEG ratio of 0.71 and a beta of 1.05. Victory Capital has a twelve month low of $47.00 and a twelve month high of $73.00. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $65.51 and a 200 day moving average of $66.50.

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

Victory Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, December 10th. Victory Capital’s dividend payout ratio is 50.00%.

Institutional Trading of Victory Capital

Hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its position in shares of Victory Capital by 2,131.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock valued at $27,000 after buying an additional 405 shares in the last quarter. GAMMA Investing LLC increased its holdings in Victory Capital by 146.4% in the 4th quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after acquiring an additional 511 shares in the last quarter. CWM LLC raised its stake in Victory Capital by 29.0% during the 3rd quarter. CWM LLC now owns 973 shares of the company’s stock worth $63,000 after acquiring an additional 219 shares during the period. AdvisorNet Financial Inc purchased a new position in Victory Capital during the third quarter valued at approximately $65,000. Finally, Quantbot Technologies LP boosted its position in shares of Victory Capital by 206.0% in the second quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock worth $78,000 after purchasing an additional 824 shares during the period. Institutional investors own 87.71% of the company’s stock.

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.