Victory Capital (NASDAQ:VCTR) Given New $70.00 Price Target at Barclays

Victory Capital (NASDAQ:VCTR) had its price target raised by Barclays from $69.00 to $70.00 in a report released on Friday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other analysts have also recently weighed in on VCTR. Royal Bank of Canada upped their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group upped their price objective on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets raised their target price on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. B. Riley reiterated a “neutral” rating and issued a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Finally, UBS Group lifted their price objective on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $65.11.

Victory Capital Stock Up 0.9 %

VCTR opened at $66.18 on Friday. The company has a market capitalization of $4.30 billion, a P/E ratio of 16.46, a P/E/G ratio of 0.45 and a beta of 0.90. 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 fifty day moving average price is $65.88 and its two-hundred day moving average price is $58.19. Victory Capital has a fifty-two week low of $33.39 and a fifty-two week high of $73.42.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.66%. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, December 9th. Victory Capital’s payout ratio is currently 43.78%.

Institutional Investors Weigh In On Victory Capital

Hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors LLC acquired a new position in shares of Victory Capital during the third quarter worth approximately $918,000. McIlrath & Eck LLC acquired a new position in Victory Capital during the 3rd quarter worth $565,000. Geode Capital Management LLC boosted its position in Victory Capital by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after buying an additional 101,247 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Victory Capital by 282.0% in the 3rd quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock valued at $2,412,000 after buying an additional 32,079 shares during the period. Finally, Royce & Associates LP bought a new stake in shares of Victory Capital during the third quarter worth $7,755,000. Institutional investors own 87.71% of the company’s stock.

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.