Victory Capital (NASDAQ:VCTR) Given New $68.00 Price Target at The Goldman Sachs Group

Victory Capital (NASDAQ:VCTR) had its price target increased by The Goldman Sachs Group from $60.00 to $68.00 in a research note released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the company. Barclays lifted their target price on Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a report on Monday. JPMorgan Chase & Co. boosted their target price on Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Bank of America raised their price target on shares of Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a report on Monday, August 12th. BMO Capital Markets lifted their price target on shares of Victory Capital from $69.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Royal Bank of Canada increased their price objective on shares of Victory Capital from $55.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.44.

Victory Capital Trading Down 7.8 %

Shares of NASDAQ VCTR opened at $64.74 on Tuesday. The company has a market cap of $4.20 billion, a PE ratio of 16.10, a P/E/G ratio of 0.70 and a beta of 0.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s 50 day moving average price is $57.57 and its 200-day moving average price is $53.16. Victory Capital has a 52-week low of $30.60 and a 52-week high of $70.56.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.44 dividend. The ex-dividend date of this dividend is Monday, December 9th. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 2.72%. Victory Capital’s dividend payout ratio (DPR) is presently 43.78%.

Institutional Investors Weigh In On Victory Capital

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new stake in Victory Capital during the first quarter valued at about $231,000. Empowered Funds LLC grew 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 acquiring an additional 2,766 shares during the period. Sei Investments Co. increased its holdings in Victory Capital by 106.7% in the 1st quarter. Sei Investments Co. now owns 113,254 shares of the company’s stock worth $4,805,000 after acquiring an additional 58,458 shares in the last quarter. QRG Capital Management Inc. raised its stake in Victory Capital by 10.0% during the 1st quarter. QRG Capital Management Inc. now owns 9,202 shares of the company’s stock worth $390,000 after acquiring an additional 839 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in Victory Capital during the first quarter valued at approximately $1,431,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

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.