The Goldman Sachs Group Raises Victory Capital (NASDAQ:VCTR) Price Target to $68.00

Victory Capital (NASDAQ:VCTR) had its price objective upped by investment analysts at The Goldman Sachs Group from $60.00 to $68.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 2.70% from the company’s previous close.

VCTR has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their price objective on shares of Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Bank of America upped their price target on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Barclays increased their price target on Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Monday. Royal Bank of Canada boosted their price objective on Victory Capital from $55.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Finally, UBS Group increased their target price on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.44.

Victory Capital Stock Performance

Shares of NASDAQ VCTR traded down $4.00 during midday trading on Tuesday, reaching $66.21. 236,136 shares of the stock were exchanged, compared to its average volume of 375,670. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.87. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 0.70 and a beta of 0.90. The firm has a 50-day simple moving average of $57.33 and a two-hundred day simple moving average of $53.07. Victory Capital has a twelve month low of $30.60 and a twelve month high of $70.56.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. increased its holdings in shares of Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after purchasing an additional 199 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after acquiring an additional 452 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after acquiring an additional 479 shares during the period. CWM LLC boosted its position in shares of Victory Capital by 486.2% during the 2nd 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. Finally, Fiera Capital Corp grew its holdings in shares of Victory Capital by 0.9% in the second quarter. Fiera Capital Corp now owns 73,974 shares of the company’s stock valued at $3,531,000 after purchasing an additional 644 shares during the period. 87.71% of the stock is owned by hedge funds and other institutional investors.

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.