Victory Capital (NASDAQ:VCTR) Price Target Raised to $69.00

Victory Capital (NASDAQ:VCTR) had its target price boosted by Barclays from $59.00 to $69.00 in a research report report published on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages have also issued reports on VCTR. Royal Bank of Canada boosted their target price on Victory Capital from $55.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Bank of America increased their target price on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. BMO Capital Markets boosted their target price on shares of Victory Capital from $69.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday. The Goldman Sachs Group raised their price target on shares of Victory Capital from $59.50 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, Morgan Stanley upped their target price on shares of Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Victory Capital currently has an average rating of “Moderate Buy” and an average price target of $62.44.

Victory Capital Stock Down 2.1 %

NASDAQ VCTR opened at $63.37 on Monday. Victory Capital has a 52 week low of $31.18 and a 52 week high of $70.56. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 0.57 and a beta of 0.90. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average of $57.78 and a two-hundred day moving average of $53.23.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.44 per share. The ex-dividend date is Monday, December 9th. This represents a $1.76 dividend on an annualized basis and a yield of 2.78%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio is currently 40.80%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. CWM LLC boosted its position in Victory Capital by 486.2% during the second quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after purchasing an additional 564 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Victory Capital by 53.2% during the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after buying an additional 199 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after buying an additional 452 shares during the last quarter. USA Financial Formulas raised its stake in shares of Victory Capital by 157.9% during the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after acquiring an additional 676 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in Victory Capital by 50.7% in the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after purchasing an additional 479 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Company Profile

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.