Morgan Stanley Issues Positive Forecast for Victory Capital (NASDAQ:VCTR) Stock Price

Victory Capital (NASDAQ:VCTR) had its price target raised by Morgan Stanley from $60.00 to $64.00 in a research report sent to investors on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised their price target on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Barclays initiated coverage on shares of Victory Capital in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $58.00 target price for the company. UBS Group increased their price target on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their price objective on Victory Capital from $61.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada increased their target price on Victory Capital from $55.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, October 11th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Victory Capital presently has a consensus rating of “Moderate Buy” and an average price target of $63.67.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $63.51 on Monday. Victory Capital has a 12 month low of $31.18 and a 12 month high of $70.56. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 0.57 and a beta of 0.90. The business’s 50 day simple moving average is $58.01 and its 200-day simple moving average is $53.30. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 0.91.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a $0.44 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.77%. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s payout ratio is currently 43.78%.

Hedge Funds Weigh In On Victory Capital

Large investors have recently added to or reduced their stakes in the business. Capital World Investors boosted its position in shares of Victory Capital by 85.8% in the first quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock worth $94,278,000 after acquiring an additional 1,025,954 shares during the last quarter. Swedbank AB boosted its holdings in shares of Victory Capital by 7.1% in the 2nd quarter. Swedbank AB now owns 750,000 shares of the company’s stock valued at $35,798,000 after purchasing an additional 50,000 shares during the last quarter. Sei Investments Co. grew its stake in shares of Victory Capital by 106.7% during the 1st quarter. Sei Investments Co. now owns 113,254 shares of the company’s stock valued at $4,805,000 after buying an additional 58,458 shares during the period. Inspire Investing LLC acquired a new stake in shares of Victory Capital during the 1st quarter worth $884,000. Finally, Acadian Asset Management LLC raised its position in shares of Victory Capital by 73.0% in the 1st quarter. Acadian Asset Management LLC now owns 416,120 shares of the company’s stock worth $17,649,000 after buying an additional 175,576 shares during the period. 87.71% of the stock is currently owned by hedge funds and other 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.