Victory Capital (NASDAQ:VCTR) Stock Price Expected to Rise, Barclays Analyst Says

Victory Capital (NASDAQ:VCTR) had its price target raised by investment analysts at Barclays from $70.00 to $75.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 8.93% from the stock’s current price.

VCTR has been the topic of a number of other reports. Morgan Stanley raised their price target on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Royal Bank of Canada raised their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. B. Riley reissued a “neutral” rating and set a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. UBS Group raised their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group lifted their price objective on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Victory Capital has a consensus rating of “Hold” and a consensus price target of $66.11.

Victory Capital Price Performance

Victory Capital stock opened at $68.85 on Monday. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 0.55 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a 12 month low of $34.49 and a 12 month high of $73.42. The stock’s 50 day moving average is $65.45 and its 200-day moving average is $60.22.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Equities research analysts expect that Victory Capital will post 6.06 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its position in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 452 shares in the last quarter. Principal Securities Inc. grew its stake in shares of Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after buying an additional 157 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Victory Capital in the 4th quarter valued at $43,000. Quantbot Technologies LP acquired a new stake in shares of Victory Capital during the 3rd quarter valued at $72,000. Finally, FMR LLC grew its position in Victory Capital by 18.1% during the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after acquiring an additional 206 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

About Victory Capital

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.