BMO Capital Markets Boosts Victory Capital (NASDAQ:VCTR) Price Target to $71.00

Victory Capital (NASDAQ:VCTR) had its price target boosted by BMO Capital Markets from $69.00 to $71.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research firms also recently issued reports on VCTR. The Goldman Sachs Group lifted their price target on shares of Victory Capital from $59.50 to $60.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Morgan Stanley increased their price objective on Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday. UBS Group lifted their target price on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Bank of America raised their price objective on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Barclays initiated coverage on shares of Victory Capital in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $58.00 target price for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.44.

Victory Capital Stock Down 2.1 %

VCTR stock opened at $63.37 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.19. Victory Capital has a fifty-two week low of $31.18 and a fifty-two week high of $70.56. The stock’s 50 day simple moving average is $57.78 and its 200 day simple moving average is $53.23. The company has a market cap of $4.11 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 0.57 and a beta of 0.90.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.44 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.76 dividend on an annualized basis and a yield of 2.78%. Victory Capital’s payout ratio is presently 40.80%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Contravisory Investment Management Inc. boosted its stake in shares of Victory Capital by 53.2% in the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after purchasing an additional 199 shares in the last quarter. FMR LLC boosted its position in Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after buying an additional 206 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Victory Capital by 367.5% in the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after buying an additional 452 shares during the period. Amalgamated Bank lifted its stake in shares of 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 acquiring an additional 479 shares during the last quarter. Finally, CWM LLC boosted its holdings in Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after acquiring an additional 564 shares during the period. 87.71% of the stock is currently owned by institutional investors.

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.