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

Victory Capital (NASDAQ:VCTR) had its price objective hoisted by Morgan Stanley from $60.00 to $64.00 in a report issued on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research firms have also issued reports on VCTR. Royal Bank of Canada raised their price target on shares of Victory Capital from $55.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Barclays assumed coverage on shares of Victory Capital in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $58.00 target price on the stock. The Goldman Sachs Group upped their price objective on Victory Capital from $59.50 to $60.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. UBS Group raised their target price on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Victory Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.44.

Victory Capital Stock Performance

VCTR stock opened at $63.37 on Monday. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 0.57 and a beta of 0.90. Victory Capital has a 12 month low of $31.18 and a 12 month high of $70.56. The firm has a 50 day moving average of $57.78 and a two-hundred day moving average of $53.23. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital Increases Dividend

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

Institutional Investors Weigh In On Victory Capital

Institutional investors have recently bought and sold shares of the company. Contravisory Investment Management Inc. raised its holdings in shares of Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after purchasing an additional 199 shares during the last quarter. Farther Finance Advisors LLC grew its position in Victory Capital by 367.5% in the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 452 shares in the last quarter. CWM LLC grew its position in Victory Capital by 486.2% in the second quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after purchasing an additional 564 shares in the last quarter. USA Financial Formulas increased its stake in Victory Capital by 157.9% in the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after buying an additional 676 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Victory Capital during the 3rd quarter worth about $72,000. 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.