B. Riley Issues Positive Forecast for Victory Capital (NASDAQ:VCTR) Stock Price

Victory Capital (NASDAQ:VCTR) had its price target increased by B. Riley from $70.00 to $74.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Victory Capital from $69.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. BMO Capital Markets lifted their price target on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Barclays upped their price objective on Victory Capital from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Monday. Bank of America reduced their target price on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Finally, UBS Group decreased their price target on shares of Victory Capital from $71.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Victory Capital has a consensus rating of “Moderate Buy” and a consensus price target of $71.56.

Victory Capital Trading Down 1.2%

Shares of Victory Capital stock opened at $63.81 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The business has a fifty day simple moving average of $58.04 and a two-hundred day simple moving average of $62.76. Victory Capital has a 1 year low of $43.82 and a 1 year high of $73.42. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 0.55 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.02). Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The company had revenue of $219.60 million for the quarter, compared to analyst estimates of $226.38 million. During the same quarter in the prior year, the business posted $1.25 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. Research analysts forecast that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th will be paid a $0.49 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, June 10th. This represents a $1.96 annualized dividend and a dividend yield of 3.07%. Victory Capital’s dividend payout ratio (DPR) is presently 43.65%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VCTR. Barclays PLC grew its holdings in shares of Victory Capital by 110.6% during the 3rd quarter. Barclays PLC now owns 99,367 shares of the company’s stock valued at $5,506,000 after purchasing an additional 52,191 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in shares of Victory Capital by 9.5% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 26,193 shares of the company’s stock valued at $1,715,000 after acquiring an additional 2,278 shares during the last quarter. Argent Capital Management LLC boosted its holdings in shares of Victory Capital by 10.2% during the 4th quarter. Argent Capital Management LLC now owns 119,827 shares of the company’s stock valued at $7,844,000 after acquiring an additional 11,118 shares in the last quarter. Legacy Wealth Asset Management LLC grew its position in Victory Capital by 3.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 24,339 shares of the company’s stock worth $1,593,000 after acquiring an additional 712 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of Victory Capital by 44.4% during the fourth quarter. Ritholtz Wealth Management now owns 6,960 shares of the company’s stock worth $456,000 after purchasing an additional 2,140 shares during the period. Institutional investors own 87.71% of the company’s stock.

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.