Victory Capital (NASDAQ:VCTR) Price Target Raised to $55.00 at BMO Capital Markets

Victory Capital (NASDAQ:VCTR) had its target price upped by analysts at BMO Capital Markets from $53.00 to $55.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 23.15% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada lifted their target price on Victory Capital from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. Morgan Stanley lifted their target price on Victory Capital from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, February 12th. UBS Group lifted their target price on Victory Capital from $33.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Finally, B. Riley reiterated a “buy” rating and issued a $48.00 target price (up previously from $40.00) on shares of Victory Capital in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $42.14.

Victory Capital Stock Up 0.1 %

Shares of Victory Capital stock traded up $0.04 during trading on Wednesday, hitting $44.66. 877,637 shares of the stock traded hands, compared to its average volume of 364,399. The firm has a market cap of $2.87 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 0.53 and a beta of 1.00. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.94. Victory Capital has a 52-week low of $27.73 and a 52-week high of $45.38. The stock’s fifty day simple moving average is $39.87 and its 200 day simple moving average is $35.18.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. The firm had revenue of $205.80 million for the quarter, compared to analyst estimates of $204.20 million. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. On average, equities analysts predict that Victory Capital will post 5.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Counterpoint Mutual Funds LLC acquired a new position in shares of Victory Capital during the 1st quarter worth approximately $298,000. Annex Advisory Services LLC acquired a new position in shares of Victory Capital during the 1st quarter worth approximately $555,000. Quadrature Capital Ltd acquired a new position in Victory Capital in the 4th quarter valued at $688,000. Vanguard Group Inc. raised its stake in Victory Capital by 3.4% in 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 last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Victory Capital by 426.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 589,710 shares of the company’s stock valued at $20,310,000 after purchasing an additional 477,798 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

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.