Victory Capital (NASDAQ:VCTR) Given New $87.00 Price Target at Bank of America

Victory Capital (NASDAQ:VCTR) had its price objective cut by equities research analysts at Bank of America from $89.00 to $87.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price target suggests a potential upside of 43.07% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Barclays lifted their target price on Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. B. Riley reiterated a “neutral” rating and set a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised their target price on shares of Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. BMO Capital Markets upped their price target on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, Morgan Stanley lifted their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $71.44.

Victory Capital Trading Up 1.1 %

NASDAQ:VCTR opened at $60.81 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a twelve month low of $41.58 and a twelve month high of $73.42. The company has a market cap of $3.87 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90. The business has a 50 day moving average price of $63.09 and a two-hundred day moving average price of $62.80.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. As a group, analysts expect that Victory Capital will post 6.16 EPS for the current fiscal year.

Institutional Trading of Victory Capital

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd raised its holdings in Victory Capital by 3,207.1% in the 4th quarter. Covestor Ltd now owns 463 shares of the company’s stock valued at $30,000 after acquiring an additional 449 shares during the period. Principal Securities Inc. grew its position in shares of Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after purchasing an additional 157 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Victory Capital during the fourth quarter worth approximately $43,000. Quantbot Technologies LP acquired a new stake in Victory Capital during the 3rd quarter worth approximately $72,000. Finally, FMR LLC boosted its stake in Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after purchasing an additional 206 shares during the period. 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.