UBS Group Boosts Victory Capital (NASDAQ:VCTR) Price Target to $48.00

Victory Capital (NASDAQ:VCTR) had its price target lifted by UBS Group from $37.00 to $48.00 in a report published on Monday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on VCTR. Royal Bank of Canada lifted their target price on Victory Capital from $40.00 to $43.00 and gave the stock an outperform rating in a research report on Tuesday, February 13th. B. Riley raised their price target on shares of Victory Capital from $48.00 to $57.00 and gave the stock a buy rating in a research note on Friday, April 19th. BMO Capital Markets raised their price target on shares of Victory Capital from $53.00 to $55.00 and gave the stock an outperform rating in a research note on Wednesday, April 17th. Finally, Morgan Stanley raised their price target on shares of Victory Capital from $30.00 to $32.00 and gave the stock an underweight rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $46.67.

Victory Capital Stock Down 1.2 %

VCTR stock opened at $50.02 on Monday. Victory Capital has a twelve month low of $27.73 and a twelve month high of $50.97. The company has a market cap of $3.22 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.44 and a beta of 1.00. The business’s 50-day simple moving average is $41.05 and its 200 day simple moving average is $35.72. 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 (NASDAQ:VCTR) last released its earnings results on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The business had revenue of $205.80 million for the quarter, compared to the consensus estimate of $204.20 million. During the same period last year, the business earned $1.03 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, research analysts anticipate that Victory Capital will post 5.14 earnings per share for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were paid a $0.335 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.68%. This is a boost from Victory Capital’s previous quarterly dividend of $0.32. Victory Capital’s payout ratio is 42.81%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Wesbanco Bank Inc. bought a new position in shares of Victory Capital in the first quarter valued at approximately $1,229,000. Legacy Wealth Asset Management LLC raised its stake in shares of Victory Capital by 48.1% in the first quarter. Legacy Wealth Asset Management LLC now owns 24,306 shares of the company’s stock valued at $1,031,000 after acquiring an additional 7,891 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Victory Capital by 88.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 20,105 shares of the company’s stock valued at $853,000 after acquiring an additional 9,450 shares during the last quarter. Diversified Trust Co raised its stake in shares of Victory Capital by 13.6% in the first quarter. Diversified Trust Co now owns 14,160 shares of the company’s stock valued at $601,000 after acquiring an additional 1,695 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Victory Capital in the first quarter valued at approximately $298,000. Institutional investors own 87.71% of the company’s stock.

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.