BMO Capital Markets Reiterates “Outperform” Rating for Victory Capital (NASDAQ:VCTR)

Victory Capital (NASDAQ:VCTRGet Free Report)‘s stock had its “outperform” rating restated by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $57.00 price target on the stock, up from their previous price target of $55.00. BMO Capital Markets’ price target suggests a potential upside of 10.79% from the stock’s current price.

VCTR has been the topic of several other reports. UBS Group increased their target price on Victory Capital from $37.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. B. Riley increased their price objective on shares of Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, April 19th. JPMorgan Chase & Co. boosted their target price on shares of Victory Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Monday. Royal Bank of Canada raised their price target 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. Finally, Morgan Stanley boosted their price objective on Victory Capital from $30.00 to $32.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Victory Capital currently has a consensus rating of “Hold” and an average target price of $48.57.

Read Our Latest Research Report on VCTR

Victory Capital Stock Up 1.2 %

NASDAQ:VCTR opened at $51.45 on Monday. The firm has a market capitalization of $3.31 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 0.43 and a beta of 0.92. Victory Capital has a 52 week low of $28.66 and a 52 week high of $52.78. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.94. The stock has a 50 day moving average of $45.13 and a 200-day moving average of $37.94.

Institutional Investors Weigh In On Victory Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VCTR. Blue Trust Inc. increased its position in shares of Victory Capital by 93.5% during the 4th quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock valued at $41,000 after purchasing an additional 602 shares during the period. New York State Teachers Retirement System grew its holdings in Victory Capital by 64.1% during the third quarter. New York State Teachers Retirement System now owns 2,461 shares of the company’s stock worth $82,000 after acquiring an additional 961 shares during the period. Amalgamated Bank grew its holdings in Victory Capital by 13.5% during the third quarter. Amalgamated Bank now owns 4,063 shares of the company’s stock worth $135,000 after acquiring an additional 482 shares during the period. SG Americas Securities LLC bought a new stake in Victory Capital in the third quarter worth about $156,000. Finally, ProShare Advisors LLC acquired a new stake in Victory Capital in the 1st quarter valued at about $205,000. Institutional investors own 87.71% of the company’s stock.

About Victory Capital

(Get Free Report)

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.

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Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

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