Victory Capital (NASDAQ:VCTR) Price Target Raised to $69.00 at JPMorgan Chase & Co.

Victory Capital (NASDAQ:VCTR) had its price objective boosted by JPMorgan Chase & Co. from $62.00 to $69.00 in a report issued on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research analysts have also issued reports on VCTR. BMO Capital Markets raised their price target on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Royal Bank of Canada lifted their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Morgan Stanley lifted their target price on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Barclays lifted their target price on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Finally, B. Riley reiterated a “neutral” rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Victory Capital presently has an average rating of “Hold” and an average price target of $68.33.

Victory Capital Stock Down 1.1 %

NASDAQ:VCTR opened at $68.37 on Tuesday. Victory Capital has a 12-month low of $36.02 and a 12-month high of $73.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $4.45 billion, a P/E ratio of 15.65, a P/E/G ratio of 0.55 and a beta of 0.89. The stock’s fifty day simple moving average is $65.60 and its 200-day simple moving average is $60.69.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Equities research analysts expect that Victory Capital will post 6.06 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.75%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, February 18th. Victory Capital’s payout ratio is 40.27%.

Institutional Trading of Victory Capital

A number of institutional investors have recently modified their holdings of VCTR. Franklin Resources Inc. lifted its holdings in shares of Victory Capital by 113.2% in the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after purchasing an additional 1,051,459 shares in the last quarter. Bank of America Corp DE increased its position in shares of Victory Capital by 46.8% in the fourth quarter. Bank of America Corp DE now owns 1,438,413 shares of the company’s stock valued at $94,159,000 after acquiring an additional 458,534 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Victory Capital in the fourth quarter valued at about $17,755,000. TimesSquare Capital Management LLC increased its position in shares of Victory Capital by 20.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company’s stock valued at $63,899,000 after acquiring an additional 166,265 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its position in shares of Victory Capital by 10.9% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company’s stock valued at $101,949,000 after acquiring an additional 153,459 shares during the last quarter. 87.71% of the stock is currently owned by 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.