Victory Capital (NASDAQ:VCTR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Victory Capital (NASDAQ:VCTR) from a hold rating to a buy rating in a research note released on Sunday morning.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. increased their price target on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Morgan Stanley lowered their target price on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 3rd. Barclays set a $69.00 price target on shares of Victory Capital in a research report on Friday, February 6th. Finally, Royal Bank Of Canada boosted their price target on shares of Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Victory Capital currently has an average rating of “Moderate Buy” and a consensus price target of $75.38.

Victory Capital Stock Up 0.8%

VCTR stock opened at $65.48 on Friday. The firm has a market cap of $4.19 billion, a PE ratio of 16.09, a PEG ratio of 0.68 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.47 and a current ratio of 1.47. The firm’s 50 day moving average price is $70.46 and its 200-day moving average price is $66.63. Victory Capital has a one year low of $47.00 and a one year high of $77.78.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.12. The company had revenue of $374.12 million during the quarter, compared to analyst estimates of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The firm’s revenue for the quarter was up 61.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.45 earnings per share. On average, equities research analysts anticipate that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, March 10th. Victory Capital’s dividend payout ratio (DPR) is 48.16%.

Institutional Trading of Victory Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. lifted its position in shares of Victory Capital by 48.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,880 shares of the company’s stock worth $119,000 after purchasing an additional 613 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Victory Capital by 19,350.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after purchasing an additional 387 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in shares of Victory Capital in the fourth quarter valued at approximately $62,000. Mercer Global Advisors Inc. ADV increased its stake in Victory Capital by 5.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,190 shares of the company’s stock worth $454,000 after buying an additional 375 shares during the period. Finally, Caitlin John LLC purchased a new stake in Victory Capital during the 4th quarter worth approximately $386,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

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.