Victory Capital (NASDAQ:VCTR) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Victory Capital (NASDAQ:VCTR) had its price target lifted by Morgan Stanley from $64.00 to $66.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities analysts have also weighed in on VCTR. The Goldman Sachs Group increased their target price on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. UBS Group increased their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. BMO Capital Markets raised their price target on shares of Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Barclays lifted their price objective on shares of Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.67.

Victory Capital Stock Performance

Shares of VCTR stock opened at $65.46 on Friday. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 0.59 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital has a 52 week low of $32.55 and a 52 week high of $73.42. The company has a 50-day simple moving average of $64.19 and a 200 day simple moving average of $55.90.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.69%. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, December 9th. Victory Capital’s dividend payout ratio (DPR) is 43.78%.

Institutional Investors Weigh In On Victory Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in shares of Victory Capital by 1.5% in the third quarter. Principal Financial Group Inc. now owns 47,626 shares of the company’s stock worth $2,638,000 after acquiring an additional 722 shares during the last quarter. Franklin Resources Inc. lifted its stake in Victory Capital by 113.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after purchasing an additional 1,051,459 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Victory Capital during the third quarter worth $918,000. Sanctuary Advisors LLC acquired a new position in shares of Victory Capital during the third quarter worth $648,000. Finally, McIlrath & Eck LLC acquired a new position in shares of Victory Capital during the third quarter worth $565,000. 87.71% of the stock is currently owned by 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.