Barclays reaffirmed their buy rating on shares of Victory Capital (NASDAQ:VCTR) in a research report sent to investors on Wednesday, AnalystRatings.com reports. The brokerage currently has a $22.00 price objective on the stock.
Other equities research analysts have also issued research reports about the stock. Oppenheimer began coverage on shares of Victory Capital in a report on Tuesday, June 11th. They issued a market perform rating on the stock. Zacks Investment Research raised shares of Victory Capital from a hold rating to a buy rating and set a $18.00 target price on the stock in a report on Wednesday, August 7th. ValuEngine lowered shares of Victory Capital from a sell rating to a strong sell rating in a report on Wednesday, October 2nd. BMO Capital Markets began coverage on shares of Victory Capital in a report on Monday, October 7th. They issued an outperform rating and a $33.00 target price on the stock. Finally, JPMorgan Chase & Co. set a $22.00 target price on shares of Victory Capital and gave the stock a buy rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $21.67.
VCTR opened at $15.12 on Wednesday. The firm’s 50-day simple moving average is $15.94 and its 200-day simple moving average is $16.64. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.49 and a current ratio of 2.49. Victory Capital has a twelve month low of $7.27 and a twelve month high of $19.96. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 10.36 and a beta of 1.64.
Victory Capital (NASDAQ:VCTR) last posted its earnings results on Monday, August 12th. The company reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. Victory Capital had a net margin of 16.56% and a return on equity of 22.15%. The business had revenue of $91.36 million for the quarter, compared to analyst estimates of $93.76 million. As a group, sell-side analysts anticipate that Victory Capital will post 2.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.20 annualized dividend and a yield of 1.32%. Victory Capital’s dividend payout ratio (DPR) is 13.70%.
In related news, Director James B. Hawkes purchased 5,692 shares of Victory Capital stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average price of $15.69 per share, for a total transaction of $89,307.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 10.16% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of VCTR. Maltese Capital Management LLC lifted its position in Victory Capital by 93.2% during the 2nd quarter. Maltese Capital Management LLC now owns 721,349 shares of the company’s stock worth $12,393,000 after buying an additional 348,041 shares in the last quarter. Bank of America Corp DE lifted its position in Victory Capital by 1,770.0% during the 2nd quarter. Bank of America Corp DE now owns 270,776 shares of the company’s stock worth $4,652,000 after buying an additional 256,296 shares in the last quarter. Renaissance Technologies LLC lifted its position in Victory Capital by 41.1% during the 2nd quarter. Renaissance Technologies LLC now owns 501,963 shares of the company’s stock worth $8,624,000 after buying an additional 146,252 shares in the last quarter. Weber Alan W acquired a new position in Victory Capital during the 1st quarter worth about $1,767,000. Finally, Bank of New York Mellon Corp lifted its position in Victory Capital by 33.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 98,229 shares of the company’s stock worth $1,687,000 after buying an additional 24,876 shares in the last quarter. Institutional investors and hedge funds own 14.78% of the company’s stock.
Victory Capital Company Profile
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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