Victory Capital (NASDAQ:VCTR) Given New $75.00 Price Target at Barclays

Victory Capital (NASDAQ:VCTR) had its price objective hoisted by Barclays from $70.00 to $75.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group lifted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada upped their price objective on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. B. Riley reaffirmed a “neutral” rating and set a $60.00 price objective (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. UBS Group boosted their target price on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley increased their price target on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $66.11.

Victory Capital Trading Down 0.9 %

NASDAQ:VCTR opened at $69.98 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a 52-week low of $34.49 and a 52-week high of $73.42. The stock’s 50 day moving average price is $65.46 and its 200 day moving average price is $60.11. The company has a market capitalization of $4.55 billion, a PE ratio of 16.01, a P/E/G ratio of 0.55 and a beta of 0.89.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. On average, research analysts anticipate that Victory Capital will post 6.06 EPS for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.47 per share. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, February 18th. Victory Capital’s payout ratio is presently 40.27%.

Hedge Funds Weigh In On Victory Capital

Large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in Victory Capital by 367.5% in the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after buying an additional 452 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after acquiring an additional 157 shares during the period. SBI Securities Co. Ltd. purchased a new position in Victory Capital in the 4th quarter valued at approximately $43,000. Quantbot Technologies LP acquired a new position in Victory Capital during the third quarter worth $72,000. Finally, FMR LLC boosted its position in Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after purchasing an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

About Victory Capital

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.