Victory Capital (NASDAQ:VCTR) Given New $82.00 Price Target at BMO Capital Markets

Victory Capital (NASDAQ:VCTR) had its price objective increased by BMO Capital Markets from $73.00 to $82.00 in a research report released on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts also recently commented on the company. B. Riley reissued a “neutral” rating and issued a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Royal Bank of Canada boosted their price target on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Morgan Stanley raised their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. The Goldman Sachs Group boosted their target price on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, UBS Group raised their target price on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $66.11.

Victory Capital Stock Performance

Shares of VCTR opened at $69.98 on Monday. Victory Capital has a 52-week low of $34.49 and a 52-week high of $73.42. The firm 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. The firm has a 50-day moving average price of $65.46 and a 200 day moving average price of $60.11. 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 (NASDAQ:VCTR) last posted its quarterly earnings data 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, sell-side analysts anticipate that Victory Capital will post 6.06 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Tuesday, February 18th. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio is 40.27%.

Hedge Funds Weigh In On Victory Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. lifted its holdings in shares of Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after purchasing an additional 157 shares in the last quarter. FMR LLC raised its position in Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after buying an additional 206 shares during the period. HighTower Advisors LLC lifted its stake in Victory Capital by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock worth $520,000 after acquiring an additional 377 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after acquiring an additional 452 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in Victory Capital by 33.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock valued at $105,000 after acquiring an additional 482 shares in the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

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.