Victory Capital (NASDAQ:VCTR) Price Target Raised to $101.00 at JPMorgan Chase & Co.

Victory Capital (NASDAQ:VCTR) had its target price upped by JPMorgan Chase & Co. from $87.00 to $101.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Royal Bank Of Canada boosted their target price on shares of Victory Capital from $107.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday. Barclays upped their price target on shares of Victory Capital from $95.00 to $112.00 and gave the stock an “equal weight” rating in a report on Friday. Morgan Stanley set a $91.00 price target on Victory Capital in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $100.00 price objective on shares of Victory Capital in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.29.

Victory Capital Trading Up 1.3%

Shares of VCTR opened at $108.16 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.29. Victory Capital has a 52-week low of $57.03 and a 52-week high of $109.93. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.25 and a beta of 1.08. The business’s fifty day moving average is $91.83 and its 200-day moving average is $79.92.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.42. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. The firm had revenue of $435.36 million during the quarter, compared to analysts’ expectations of $386.09 million. Equities analysts anticipate that Victory Capital will post 7.38 EPS for the current fiscal year.

Victory Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, September 10th. Victory Capital’s payout ratio is presently 45.05%.

Hedge Funds Weigh In On Victory Capital

Several large investors have recently modified their holdings of VCTR. Caitong International Asset Management Co. Ltd raised its position in Victory Capital by 19,350.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock worth $25,000 after purchasing an additional 387 shares during the last quarter. Core Wealth Advisors LLC bought a new stake in shares of Victory Capital in the 4th quarter valued at about $30,000. Covestor Ltd increased its stake in shares of Victory Capital by 99.7% in the fourth quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after buying an additional 334 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in shares of Victory Capital during the first quarter worth about $46,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Victory Capital by 48.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock worth $48,000 after acquiring an additional 246 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

About Victory Capital

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.