Victory Capital (NASDAQ:VCTR) Price Target Raised to $64.00

Victory Capital (NASDAQ:VCTR) had its target price boosted by research analysts at UBS Group from $49.00 to $64.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 6.24% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. BMO Capital Markets upped their price target on Victory Capital from $61.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Royal Bank of Canada upped their price objective on Victory Capital from $55.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. JPMorgan Chase & Co. upped their price objective on Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Bank of America upped their price objective on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Morgan Stanley raised Victory Capital from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $40.00 to $60.00 in a report on Friday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.67.

Victory Capital Stock Performance

Shares of Victory Capital stock traded down $0.27 during trading hours on Tuesday, hitting $60.24. 29,014 shares of the company were exchanged, compared to its average volume of 379,561. Victory Capital has a 1 year low of $28.66 and a 1 year high of $61.68. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average of $54.69 and a 200-day moving average of $51.38. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 0.65 and a beta of 0.91.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.26 by $0.04. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. The business had revenue of $219.62 million during the quarter, compared to analysts’ expectations of $220.82 million. As a group, analysts expect that Victory Capital will post 5.19 EPS for the current fiscal year.

Institutional Trading of Victory Capital

Large investors have recently bought and sold shares of the company. Contravisory Investment Management Inc. boosted its stake in shares of Victory Capital by 53.2% during the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after acquiring an additional 199 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Victory Capital by 50.7% during the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after acquiring an additional 479 shares during the last quarter. CWM LLC boosted its stake in shares of Victory Capital by 486.2% during the second quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after acquiring an additional 564 shares during the last quarter. Fiera Capital Corp boosted its stake in shares of Victory Capital by 0.9% during the second quarter. Fiera Capital Corp now owns 73,974 shares of the company’s stock valued at $3,531,000 after acquiring an additional 644 shares during the last quarter. Finally, USA Financial Formulas boosted its stake in shares of Victory Capital by 157.9% during the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after acquiring an additional 676 shares during the last quarter. Institutional investors and hedge funds 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.