Victory Capital (NASDAQ:VCTR) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Victory Capital (NASDAQ:VCTR) from a hold rating to a buy rating in a report published on Sunday.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, January 21st. Morgan Stanley dropped 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 report on Tuesday, February 3rd. JPMorgan Chase & Co. upped their price target on shares of Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. 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 lifted their price objective 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 equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $75.38.

Victory Capital Price Performance

Victory Capital stock opened at $65.13 on Friday. The firm has a market cap of $4.17 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 0.68 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.47 and a quick ratio of 1.47. The stock’s fifty day moving average price is $70.55 and its two-hundred day moving average price is $66.69. Victory Capital has a one year low of $47.00 and a one year high of $77.78.

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

Victory Capital Announces Dividend

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

Institutional Investors Weigh In On Victory Capital

Several hedge funds and other institutional investors have recently made changes to their positions in VCTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Victory Capital by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,469 shares of the company’s stock valued at $1,416,000 after purchasing an additional 1,060 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Victory Capital by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 366,318 shares of the company’s stock worth $21,199,000 after buying an additional 5,685 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Victory Capital by 10.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,285 shares of the company’s stock worth $5,688,000 after buying an additional 9,319 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Victory Capital during the first quarter worth $3,747,000. Finally, Intech Investment Management LLC increased its holdings in shares of Victory Capital by 18.8% during the first quarter. Intech Investment Management LLC now owns 20,442 shares of the company’s stock worth $1,183,000 after buying an additional 3,237 shares in the last quarter. 87.71% of the stock is owned by institutional investors.

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.