Victory Capital (NASDAQ:VCTR) Given New $48.00 Price Target at UBS Group

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

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

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $50.15 on Monday. Victory Capital has a twelve month low of $27.73 and a twelve month high of $50.97. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 0.45 and a beta of 1.00. The firm has a 50-day moving average of $41.34 and a two-hundred day moving average of $35.82.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $204.20 million. During the same period in the prior year, the company earned $1.03 EPS. Victory Capital’s revenue was down 1.9% on a year-over-year basis. As a group, analysts expect that Victory Capital will post 5.14 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were given a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.67%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, March 8th. Victory Capital’s dividend payout ratio is 42.81%.

Institutional Trading of Victory Capital

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Victory Capital by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock worth $110,627,000 after purchasing an additional 104,746 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in shares of Victory Capital by 19.2% in the third quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company’s stock worth $60,537,000 after purchasing an additional 292,225 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Victory Capital by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company’s stock worth $51,297,000 after purchasing an additional 131,540 shares in the last quarter. LSV Asset Management increased its holdings in Victory Capital by 22.2% in the third quarter. LSV Asset Management now owns 1,380,922 shares of the company’s stock worth $46,040,000 after buying an additional 250,600 shares during the last quarter. Finally, Granahan Investment Management LLC increased its holdings in Victory Capital by 22.0% in the fourth quarter. Granahan Investment Management LLC now owns 1,213,589 shares of the company’s stock worth $41,796,000 after buying an additional 219,025 shares during the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

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.