Victory Capital (NASDAQ:VCTR) PT Raised to $48.00 at UBS Group

Victory Capital (NASDAQ:VCTR) had its target price raised by investment analysts at UBS Group from $37.00 to $48.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price points to a potential downside of 5.21% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. Royal Bank of Canada upped their target price on shares of 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 upped their target price on shares of Victory Capital from $30.00 to $32.00 and gave the company an “underweight” rating in a research note on Wednesday, April 17th. BMO Capital Markets upped their target price on shares of Victory Capital from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Finally, B. Riley upped their target price on shares of Victory Capital from $48.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, April 19th. One investment 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. Based on data from MarketBeat, Victory Capital has a consensus rating of “Hold” and a consensus price target of $45.43.

Victory Capital Trading Up 3.5 %

VCTR opened at $50.64 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 0.42 and a beta of 1.00. The firm has a 50 day simple moving average of $40.74 and a 200 day simple moving average of $35.58. Victory Capital has a fifty-two week low of $27.73 and a fifty-two week high of $50.89.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $205.80 million during the quarter, compared to the consensus estimate of $204.20 million. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. Victory Capital’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, sell-side analysts anticipate that Victory Capital will post 5.13 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in Victory Capital by 93.5% during the fourth quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock worth $41,000 after purchasing an additional 602 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Victory Capital by 64.1% in the third quarter. New York State Teachers Retirement System now owns 2,461 shares of the company’s stock valued at $82,000 after acquiring an additional 961 shares during the last quarter. Amalgamated Bank lifted its stake in Victory Capital by 13.5% in the third quarter. Amalgamated Bank now owns 4,063 shares of the company’s stock valued at $135,000 after acquiring an additional 482 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Victory Capital in the third quarter valued at $156,000. Finally, Olympiad Research LP lifted its stake in Victory Capital by 6.0% in the third quarter. Olympiad Research LP now owns 6,910 shares of the company’s stock valued at $230,000 after acquiring an additional 394 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.