Victory Capital (NASDAQ:VCTR) had its target price raised by Morgan Stanley from $18.00 to $21.00 in a report published on Monday morning, Analyst Ratings Network reports. Morgan Stanley currently has an underweight rating on the stock.
Several other brokerages also recently issued reports on VCTR. Bank of America downgraded Victory Capital from a buy rating to an underperform rating and decreased their price target for the stock from $22.00 to $20.00 in a report on Thursday, November 19th. BMO Capital Markets upped their target price on shares of Victory Capital from $23.00 to $25.00 and gave the stock an outperform rating in a research note on Friday, November 6th. BidaskClub raised shares of Victory Capital from a buy rating to a strong-buy rating in a research report on Wednesday, December 23rd. ValuEngine downgraded shares of Victory Capital from a sell rating to a strong sell rating in a research report on Wednesday, December 2nd. Finally, Zacks Investment Research lowered shares of Victory Capital from a buy rating to a hold rating in a research note on Tuesday, September 15th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $20.86.
Shares of NASDAQ VCTR opened at $24.62 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.59 and a quick ratio of 0.59. The company has a 50-day moving average price of $23.05 and a 200-day moving average price of $19.38. The stock has a market capitalization of $1.66 billion, a P/E ratio of 10.99, a P/E/G ratio of 0.29 and a beta of 1.04. Victory Capital has a 1 year low of $10.18 and a 1 year high of $26.04.
Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.11. The business had revenue of $188.66 million for the quarter, compared to analysts’ expectations of $189.91 million. Victory Capital had a net margin of 20.18% and a return on equity of 43.88%. As a group, equities research analysts anticipate that Victory Capital will post 3.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 28th. Shareholders of record on Thursday, December 10th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.14%. This is a boost from Victory Capital’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, December 9th. Victory Capital’s payout ratio is presently 11.29%.
Several hedge funds have recently modified their holdings of VCTR. ArrowMark Colorado Holdings LLC lifted its stake in Victory Capital by 44.7% in the second quarter. ArrowMark Colorado Holdings LLC now owns 800,854 shares of the company’s stock valued at $13,767,000 after purchasing an additional 247,470 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Victory Capital by 76.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 145,611 shares of the company’s stock worth $2,459,000 after acquiring an additional 63,003 shares during the period. LSV Asset Management increased its holdings in Victory Capital by 200.7% in the 3rd quarter. LSV Asset Management now owns 136,835 shares of the company’s stock worth $2,311,000 after acquiring an additional 91,324 shares during the last quarter. Globeflex Capital L P raised its stake in Victory Capital by 6.4% in the 3rd quarter. Globeflex Capital L P now owns 92,446 shares of the company’s stock valued at $1,561,000 after acquiring an additional 5,587 shares during the period. Finally, WINTON GROUP Ltd raised its stake in Victory Capital by 9.2% in the 3rd quarter. WINTON GROUP Ltd now owns 64,322 shares of the company’s stock valued at $1,086,000 after acquiring an additional 5,408 shares during the period. Institutional investors own 18.09% of the company’s stock.
About Victory Capital
Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.
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