Victory Capital (NASDAQ:VCTR) Price Target Raised to $57.00 at B. Riley

Victory Capital (NASDAQ:VCTR) had its target price increased by B. Riley from $48.00 to $57.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

VCTR has been the subject of several other research reports. BMO Capital Markets boosted their price target on shares of Victory Capital from $53.00 to $55.00 and gave the stock an outperform rating in a report on Wednesday. Morgan Stanley upped their target price on shares of Victory Capital from $30.00 to $32.00 and gave the company an underweight rating in a report on Wednesday. UBS Group upped their target price on shares of Victory Capital from $33.00 to $36.00 and gave the company a neutral rating in a report on Wednesday, January 10th. Finally, Royal Bank of Canada upped their target price on shares of Victory Capital from $40.00 to $43.00 and gave the company an outperform rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $43.71.

Victory Capital Trading Up 3.4 %

NASDAQ VCTR opened at $47.47 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Victory Capital has a 52 week low of $27.73 and a 52 week high of $47.85. The stock has a market capitalization of $3.05 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 0.57 and a beta of 1.00. The firm has a 50 day moving average of $40.50 and a two-hundred day moving average of $35.42.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.13 EPS for the quarter, topping 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 company had revenue of $205.80 million during the quarter, compared to analysts’ expectations of $204.20 million. During the same quarter in the previous year, the business posted $1.03 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. As a group, research analysts expect that Victory Capital will post 5.08 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.34 dividend on an annualized basis and a yield of 2.82%. This is an increase from Victory Capital’s previous quarterly dividend of $0.32. Victory Capital’s dividend payout ratio is presently 42.81%.

Hedge Funds Weigh In On Victory Capital

A number of large investors have recently made changes to their positions in VCTR. West Tower Group LLC purchased a new position in Victory Capital during the 4th quarter valued at about $27,000. Tower Research Capital LLC TRC increased its holdings in Victory Capital by 135.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 873 shares of the company’s stock valued at $28,000 after acquiring an additional 502 shares in the last quarter. Citigroup Inc. increased its holdings in Victory Capital by 87.7% during the 4th quarter. Citigroup Inc. now owns 1,265 shares of the company’s stock valued at $34,000 after acquiring an additional 591 shares in the last quarter. Blue Trust Inc. increased its holdings in Victory Capital by 93.5% during the 4th quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock valued at $41,000 after acquiring an additional 602 shares in the last quarter. Finally, Bamco Inc. NY purchased a new position in Victory Capital during the 4th quarter valued at about $49,000. Hedge funds and other 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.