Victory Capital (NASDAQ:VCTR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Victory Capital (NASDAQ:VCTR) from a hold rating to a buy rating in a research note released on Saturday.

Several other equities analysts have also weighed in on VCTR. JPMorgan Chase & Co. lifted their price objective on Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Barclays set a $69.00 price target on shares of Victory Capital in a report on Friday, February 6th. Royal Bank Of Canada boosted their price objective on shares of Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 10th. Zacks Research lowered shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Morgan Stanley reduced their target price on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.38.

Victory Capital Stock Down 1.0%

Shares of NASDAQ VCTR opened at $74.74 on Friday. The stock has a market capitalization of $4.85 billion, a PE ratio of 18.36, a P/E/G ratio of 0.78 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 1.47 and a debt-to-equity ratio of 0.40. The firm has a fifty day moving average of $67.52 and a 200-day moving average of $66.78. Victory Capital has a 52-week low of $47.00 and a 52-week high of $77.78.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The firm had revenue of $374.12 million for the quarter, compared to analysts’ expectations of $371.09 million. During the same quarter last year, the firm earned $1.45 earnings per share. The firm’s revenue for the quarter was up 61.0% compared to the same quarter last year. On average, analysts anticipate that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be issued a $0.49 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.96 dividend on an annualized basis and a yield of 2.6%. Victory Capital’s payout ratio is currently 48.16%.

Institutional Trading of Victory Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Victory Capital by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock valued at $303,769,000 after purchasing an additional 73,142 shares in the last quarter. Capital World Investors raised its position in shares of Victory Capital by 4.3% in the 4th quarter. Capital World Investors now owns 3,768,001 shares of the company’s stock valued at $237,723,000 after purchasing an additional 155,732 shares in the last quarter. Amundi purchased a new position in shares of Victory Capital during the 2nd quarter valued at approximately $213,219,000. State Street Corp boosted its stake in shares of Victory Capital by 0.5% during the 4th quarter. State Street Corp now owns 1,857,636 shares of the company’s stock valued at $117,198,000 after buying an additional 8,322 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its position in shares of Victory Capital by 4.8% during the third quarter. Bahl & Gaynor Inc. now owns 1,723,897 shares of the company’s stock worth $111,640,000 after buying an additional 79,013 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.