Morgan Stanley Raises Victory Capital (NASDAQ:VCTR) Price Target to $32.00

Victory Capital (NASDAQ:VCTR) had its price objective upped by Morgan Stanley from $30.00 to $32.00 in a report published on Wednesday, Benzinga reports. The firm currently has an underweight rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Victory Capital from $40.00 to $43.00 and gave the stock an outperform rating in a research note on Tuesday, February 13th. UBS Group increased their price objective on shares of Victory Capital from $33.00 to $36.00 and gave the stock a neutral rating in a research note on Wednesday, January 10th. B. Riley reiterated a buy rating and set a $48.00 price objective (up from $40.00) on shares of Victory Capital in a research note on Friday, February 16th. Finally, BMO Capital Markets increased their price objective on shares of Victory Capital from $53.00 to $55.00 and gave the stock an outperform rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $43.71.

Victory Capital Trading Up 3.4 %

VCTR stock opened at $47.47 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 0.66. The company’s 50-day simple moving average is $40.50 and its 200 day simple moving average is $35.42. Victory Capital has a 52 week low of $27.73 and a 52 week high of $47.85. The company has a market capitalization of $3.05 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Friday, February 9th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The business had revenue of $205.80 million for the quarter, compared to the consensus estimate of $204.20 million. During the same period in the prior year, the company posted $1.03 earnings per share. Victory Capital’s revenue was down 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Victory Capital will post 5.02 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a $0.335 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.82%. This is a boost from Victory Capital’s previous quarterly dividend of $0.32. Victory Capital’s dividend payout ratio is 42.81%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. lifted its holdings in shares of Victory Capital by 1.3% in the fourth quarter. Federated Hermes Inc. now owns 28,896 shares of the company’s stock worth $995,000 after acquiring an additional 383 shares during the last quarter. Olympiad Research LP lifted its holdings in shares of Victory Capital by 6.0% in the third quarter. Olympiad Research LP now owns 6,910 shares of the company’s stock worth $230,000 after acquiring an additional 394 shares during the last quarter. State of Wyoming lifted its holdings in shares of Victory Capital by 7.6% in the fourth quarter. State of Wyoming now owns 5,729 shares of the company’s stock worth $154,000 after acquiring an additional 405 shares during the last quarter. SMH Capital Advisors Inc. lifted its holdings in shares of Victory Capital by 4.4% in the fourth quarter. SMH Capital Advisors Inc. now owns 10,088 shares of the company’s stock worth $271,000 after acquiring an additional 423 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Victory Capital by 3.9% in the first quarter. Sei Investments Co. now owns 11,801 shares of the company’s stock worth $345,000 after acquiring an additional 446 shares during the last quarter. 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.