Victory Capital (NASDAQ:VCTR) Given New $126.00 Price Target at Barclays

Victory Capital (NASDAQ:VCTR) had its price target hoisted by Barclays from $121.00 to $126.00 in a report issued on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

VCTR has been the subject of several other research reports. Zacks Research cut Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Morgan Stanley raised their price target on Victory Capital from $115.00 to $119.00 and gave the company an “equal weight” rating in a report on Wednesday, October 28th. Royal Bank Of Canada lifted their price objective on shares of Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Finally, UBS Group set a $117.00 target price on shares of Victory Capital in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $119.50.

Victory Capital Stock Performance

Shares of NASDAQ VCTR traded up $6.83 during midday trading on Friday, hitting $119.24. 594,012 shares of the company’s stock were exchanged, compared to its average volume of 520,742. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The stock’s 50 day moving average price is $110.79 and its 200-day moving average price is $90.33. The firm has a market cap of $7.33 billion, a P/E ratio of 21.92, a PEG ratio of 0.53 and a beta of 1.12. Victory Capital has a twelve month low of $57.03 and a twelve month high of $123.55.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). The business had revenue of $396.57 million during the quarter, compared to the consensus estimate of $411.23 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. Equities research analysts anticipate that Victory Capital will post 7.78 EPS for the current year.

Victory Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Thursday, December 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 1.7%. The ex-dividend date is Thursday, December 10th. Victory Capital’s dividend payout ratio (DPR) is presently 36.76%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd bought a new position in shares of Victory Capital in the third quarter valued at $232,000. CENTRAL TRUST Co boosted its stake in shares of Victory Capital by 51.1% during the 3rd quarter. CENTRAL TRUST Co now owns 281 shares of the company’s stock worth $31,000 after acquiring an additional 95 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Victory Capital by 63.2% in the 3rd quarter. Maryland State Retirement & Pension System now owns 10,981 shares of the company’s stock worth $1,214,000 after acquiring an additional 4,251 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Victory Capital by 7.3% in the 3rd quarter. Ritholtz Wealth Management now owns 12,533 shares of the company’s stock worth $1,386,000 after acquiring an additional 858 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of Victory Capital by 3.9% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 25,053 shares of the company’s stock worth $2,771,000 after acquiring an additional 945 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

About Victory Capital

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.