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

Victory Capital (NASDAQ:VCTR) had its price target hoisted by Barclays from $59.00 to $69.00 in a research report report published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities research analysts also recently commented on the company. The Goldman Sachs Group raised their target price on Victory Capital from $59.50 to $60.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. BMO Capital Markets raised their price target on Victory Capital from $69.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday. 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. Bank of America raised their price target on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Morgan Stanley raised their price target on Victory Capital from $60.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.56.

Victory Capital Price Performance

Victory Capital stock opened at $70.21 on Monday. Victory Capital has a one year low of $30.60 and a one year high of $70.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91. The business has a fifty day moving average of $57.33 and a two-hundred day moving average of $53.07. The company has a market cap of $4.55 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 0.70 and a beta of 0.90.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Monday, December 9th. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio (DPR) is currently 43.78%.

Institutional Trading of Victory Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. increased its position in Victory Capital by 53.2% during the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after purchasing an additional 199 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after buying an additional 452 shares during the period. Amalgamated Bank grew its holdings in Victory Capital by 50.7% in the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after buying an additional 479 shares during the period. CWM LLC grew its holdings in Victory Capital by 486.2% in the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after buying an additional 564 shares during the period. Finally, Fiera Capital Corp grew its holdings in Victory Capital by 0.9% in the 2nd quarter. Fiera Capital Corp now owns 73,974 shares of the company’s stock valued at $3,531,000 after buying an additional 644 shares during the period. Hedge funds and other institutional investors 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.