BMO Capital Markets Issues Positive Forecast for Victory Capital (NASDAQ:VCTR) Stock Price

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

VCTR has been the subject of a number of other research reports. Royal Bank of Canada upped their price objective on shares of Victory Capital from $55.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. upped 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. UBS Group lifted their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Bank of America boosted their target price 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 Victory Capital in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $58.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $63.67.

Victory Capital Stock Performance

NASDAQ:VCTR opened at $63.51 on Monday. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 0.57 and a beta of 0.90. The business has a 50 day moving average of $58.01 and a 200 day moving average of $53.30. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 0.91. Victory Capital has a 1-year low of $31.18 and a 1-year high of $70.56.

Victory Capital Increases Dividend

The firm 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 $0.44 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Monday, December 9th. Victory Capital’s dividend payout ratio (DPR) is currently 43.78%.

Hedge Funds Weigh In On Victory Capital

Several hedge funds have recently made changes to their positions in VCTR. Janney Montgomery Scott LLC bought a new stake in Victory Capital in the first quarter valued at $231,000. Empowered Funds LLC boosted its stake in shares of Victory Capital by 11.0% during the 1st quarter. Empowered Funds LLC now owns 27,954 shares of the company’s stock valued at $1,186,000 after purchasing an additional 2,766 shares in the last quarter. Sei Investments Co. increased its position in shares of Victory Capital by 106.7% during the first quarter. Sei Investments Co. now owns 113,254 shares of the company’s stock valued at $4,805,000 after buying an additional 58,458 shares during the period. Inspire Investing LLC purchased a new position in shares of Victory Capital during the first quarter valued at about $884,000. Finally, QRG Capital Management Inc. raised its stake in Victory Capital by 10.0% in the first quarter. QRG Capital Management Inc. now owns 9,202 shares of the company’s stock worth $390,000 after buying an additional 839 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other 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.