Victory Capital (NASDAQ:VCTR) PT Raised to $55.00

Victory Capital (NASDAQ:VCTR) had its target price increased by stock analysts at BMO Capital Markets from $53.00 to $55.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 19.83% from the company’s previous close.

Several other analysts also recently commented on the company. Morgan Stanley upped their price objective on Victory Capital from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, February 12th. B. Riley reaffirmed a “buy” rating and set a $48.00 price objective (up from $40.00) on shares of Victory Capital in a research note on Friday, February 16th. UBS Group boosted their target price on Victory Capital from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Finally, Royal Bank of Canada boosted their target price on Victory Capital from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Victory Capital presently has a consensus rating of “Hold” and an average price target of $42.43.

Victory Capital Stock Up 2.8 %

VCTR opened at $45.90 on Wednesday. The business has a 50 day moving average price of $40.29 and a two-hundred day moving average price of $35.32. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The company has a market cap of $2.95 billion, a PE ratio of 14.66, a P/E/G ratio of 0.56 and a beta of 1.00. Victory Capital has a 52 week low of $27.73 and a 52 week high of $45.91.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $204.20 million. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 EPS. As a group, research analysts anticipate that Victory Capital will post 5.02 EPS for the current year.

Institutional Investors Weigh In On Victory Capital

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Victory Capital by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock worth $110,627,000 after acquiring an additional 104,746 shares during the period. BlackRock Inc. grew its holdings in shares of Victory Capital by 8.0% in the 2nd quarter. BlackRock Inc. now owns 2,668,250 shares of the company’s stock worth $84,157,000 after acquiring an additional 196,857 shares during the period. Van Berkom & Associates Inc. grew its holdings in shares of Victory Capital by 19.2% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company’s stock worth $60,537,000 after acquiring an additional 292,225 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Victory Capital by 9.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company’s stock worth $51,297,000 after acquiring an additional 131,540 shares during the period. Finally, LSV Asset Management grew its holdings in shares of Victory Capital by 22.2% in the 3rd quarter. LSV Asset Management now owns 1,380,922 shares of the company’s stock worth $46,040,000 after acquiring an additional 250,600 shares during the period. 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.