Victory Capital (NASDAQ:VCTR) PT Lowered to $55.00 at Royal Bank of Canada

Victory Capital (NASDAQ:VCTR) had its target price decreased by Royal Bank of Canada from $56.00 to $55.00 in a report published on Tuesday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other equities analysts also recently commented on VCTR. Bank of America raised their price objective on Victory Capital from $58.00 to $59.00 and gave the stock a buy rating in a report on Monday. The Goldman Sachs Group raised their price objective on Victory Capital from $53.00 to $59.00 and gave the stock a buy rating in a report on Tuesday. Morgan Stanley raised their price objective on Victory Capital from $39.00 to $40.00 and gave the stock an underweight rating in a report on Tuesday. B. Riley raised their price objective on Victory Capital from $48.00 to $57.00 and gave the stock a buy rating in a report on Friday, April 19th. Finally, UBS Group dropped their target price on Victory Capital from $50.00 to $49.00 and set a neutral rating on the stock in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Victory Capital currently has a consensus rating of Moderate Buy and a consensus target price of $52.63.

Victory Capital Stock Performance

Victory Capital stock opened at $51.47 on Tuesday. The stock’s 50-day moving average is $49.41 and its 200-day moving average is $45.78. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 0.57 and a beta of 0.93. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.71 and a quick ratio of 0.71. Victory Capital has a 12 month low of $28.66 and a 12 month high of $54.94.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, September 10th. This is an increase from Victory Capital’s previous quarterly dividend of $0.37. This represents a $1.64 annualized dividend and a yield of 3.19%. Victory Capital’s payout ratio is currently 45.40%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Bahl & Gaynor Inc. grew its position in shares of Victory Capital by 5.0% in the 4th quarter. Bahl & Gaynor Inc. now owns 822,668 shares of the company’s stock worth $28,333,000 after acquiring an additional 38,895 shares in the last quarter. Capital World Investors grew its position in shares of Victory Capital by 85.8% in the 1st quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock worth $94,278,000 after acquiring an additional 1,025,954 shares in the last quarter. Vanguard Group Inc. boosted its position in Victory Capital by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock valued at $110,627,000 after purchasing an additional 104,746 shares during the period. Granahan Investment Management LLC boosted its position in Victory Capital by 22.0% during the 4th quarter. Granahan Investment Management LLC now owns 1,213,589 shares of the company’s stock valued at $41,796,000 after purchasing an additional 219,025 shares during the period. Finally, Bard Financial Services Inc. boosted its position in Victory Capital by 82.8% during the 4th quarter. Bard Financial Services Inc. now owns 40,885 shares of the company’s stock valued at $1,408,000 after purchasing an additional 18,525 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

About Victory Capital

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.