Victory Capital (NASDAQ:VCTR) Given New $81.00 Price Target at JPMorgan Chase & Co.

Victory Capital (NASDAQ:VCTR) had its target price raised by JPMorgan Chase & Co. from $72.00 to $81.00 in a research report report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other brokerages also recently weighed in on VCTR. Wall Street Zen downgraded Victory Capital from a “buy” rating to a “hold” rating in a report on Monday, April 6th. Royal Bank Of Canada boosted their price target on Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Barclays boosted their price target on Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a research note on Monday, April 20th. Finally, Morgan Stanley set a $76.00 price target on Victory Capital in a research note on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.14.

Victory Capital Stock Performance

Shares of VCTR stock opened at $85.33 on Friday. The stock has a fifty day moving average of $70.35 and a 200 day moving average of $67.65. Victory Capital has a 52 week low of $57.03 and a 52 week high of $88.42. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 1.21 and a beta of 1.09. The company has a quick ratio of 1.47, a current ratio of 1.13 and a debt-to-equity ratio of 0.41.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. The company had revenue of $387.99 million during the quarter, compared to analyst estimates of $364.97 million. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The firm’s revenue was up 76.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 earnings per share. As a group, research analysts expect that Victory Capital will post 6.73 earnings per share for the current year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. This is a boost from Victory Capital’s previous quarterly dividend of $0.49. Victory Capital’s payout ratio is presently 44.14%.

Institutional Trading of Victory Capital

A number of large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Victory Capital by 56.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,175 shares of the company’s stock worth $77,000 after acquiring an additional 422 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Victory Capital in the 1st quarter worth approximately $46,000. Dimensional Fund Advisors LP increased its stake in Victory Capital by 14.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock worth $114,163,000 after acquiring an additional 221,471 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Victory Capital by 11.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,937 shares of the company’s stock worth $969,000 after acquiring an additional 1,543 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Victory Capital by 9.8% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 56,100 shares of the company’s stock worth $3,668,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Company Profile

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.