Victory Capital (NASDAQ:VCTR) Receives Neutral Rating from B. Riley

B. Riley reiterated their neutral rating on shares of Victory Capital (NASDAQ:VCTR) in a research report released on Tuesday, Marketbeat.com reports. The brokerage currently has a $60.00 price objective on the stock, up from their previous price objective of $57.00.

A number of other research analysts have also recently issued reports on the company. The Goldman Sachs Group boosted their target price on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Morgan Stanley lifted their price target on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Royal Bank of Canada raised their price target on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Barclays upped their price target on shares of Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets raised their price target on Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $65.00.

Victory Capital Trading Down 3.9 %

Shares of VCTR opened at $60.93 on Tuesday. Victory Capital has a 1 year low of $32.55 and a 1 year high of $73.42. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock has a 50 day simple moving average of $65.65 and a 200-day simple moving average of $57.48. The stock has a market cap of $3.96 billion, a PE ratio of 15.16, a PEG ratio of 0.59 and a beta of 0.90.

Victory Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.76 annualized dividend and a yield of 2.89%. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio (DPR) is currently 43.78%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VCTR. Franklin Resources Inc. boosted its position in shares of Victory Capital by 113.2% during the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after buying an additional 1,051,459 shares during the last quarter. Bahl & Gaynor Inc. lifted its holdings in Victory Capital by 8.5% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,205,601 shares of the company’s stock worth $57,543,000 after purchasing an additional 94,653 shares in the last quarter. State Street Corp raised its holdings in shares of Victory Capital by 6.4% in the 3rd quarter. State Street Corp now owns 1,162,842 shares of the company’s stock valued at $64,421,000 after acquiring an additional 69,654 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Victory Capital by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after acquiring an additional 101,247 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Victory Capital by 13.0% during the second quarter. Acadian Asset Management LLC now owns 470,210 shares of the company’s stock worth $22,436,000 after purchasing an additional 54,090 shares in the last quarter. Institutional investors and hedge funds 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.