Victory Capital’s (VCTR) “Neutral” Rating Reiterated at B. Riley

B. Riley reissued their neutral rating on shares of Victory Capital (NASDAQ:VCTR) in a report issued on Tuesday morning, Marketbeat reports. They currently have a $60.00 price objective on the stock, up from their prior price objective of $57.00.

A number of other research firms have also issued reports on VCTR. Royal Bank of Canada boosted their price target on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. The Goldman Sachs Group lifted their price objective on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. UBS Group boosted their price objective on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Barclays upped their price target on Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets increased their price objective on shares of Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Victory Capital has a consensus rating of “Hold” and an average target price of $65.00.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $63.33 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a 50-day simple moving average of $65.68 and a 200 day simple moving average of $57.52. Victory Capital has a fifty-two week low of $32.55 and a fifty-two week high of $73.42. The company has a market cap of $4.12 billion, a PE ratio of 15.75, a P/E/G ratio of 0.59 and a beta of 0.90.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.78%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, December 9th. Victory Capital’s payout ratio is presently 43.78%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its position in shares of Victory Capital by 18.4% during the 2nd quarter. Principal Financial Group Inc. now owns 46,904 shares of the company’s stock valued at $2,239,000 after acquiring an additional 7,281 shares during the last quarter. Rhumbline Advisers raised its stake in Victory Capital by 41.2% during the second quarter. Rhumbline Advisers now owns 54,426 shares of the company’s stock valued at $2,598,000 after buying an additional 15,881 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Victory Capital by 166.6% during the second quarter. Victory Capital Management Inc. now owns 28,453 shares of the company’s stock valued at $1,358,000 after purchasing an additional 17,781 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Victory Capital by 19.3% in the 2nd quarter. Arizona State Retirement System now owns 10,818 shares of the company’s stock worth $516,000 after purchasing an additional 1,750 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in Victory Capital in the second quarter worth approximately $1,204,000. Institutional investors own 87.71% of the company’s stock.

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.