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

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

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

Victory Capital Trading Up 3.9 %

VCTR stock opened at $63.33 on Tuesday. Victory Capital has a 12 month low of $32.55 and a 12 month high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The firm’s 50-day moving average is $65.68 and its 200 day moving average is $57.52. The company has a market capitalization of $4.12 billion, a PE ratio of 15.75, a P/E/G ratio of 0.59 and a beta of 0.90.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders 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 is a positive change from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 2.78%. Victory Capital’s dividend payout ratio is currently 43.78%.

Institutional Trading of Victory Capital

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Victory Capital by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company’s stock worth $20,660,000 after purchasing an additional 11,785 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Victory Capital by 1.5% in the third quarter. Principal Financial Group Inc. now owns 47,626 shares of the company’s stock valued at $2,638,000 after buying an additional 722 shares during the last quarter. Franklin Resources Inc. boosted its holdings 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 acquiring an additional 1,051,459 shares during the period. World Investment Advisors LLC bought a new position in shares of Victory Capital during the third quarter worth about $918,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Victory Capital in the 3rd quarter worth about $648,000. Institutional investors and hedge funds 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.