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

Victory Capital (NASDAQ:VCTR) had its price objective raised by investment analysts at BMO Capital Markets from $73.00 to $82.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 19.10% from the stock’s previous close.

Several other equities research analysts have also issued reports on VCTR. Morgan Stanley lifted their target price on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. The Goldman Sachs Group upped their target price on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. B. Riley restated 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. Barclays lifted their price target on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, UBS Group increased their price objective on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Victory Capital presently has an average rating of “Hold” and an average price target of $66.11.

Victory Capital Trading Down 1.6 %

Victory Capital stock opened at $68.85 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital has a fifty-two week low of $34.49 and a fifty-two week high of $73.42. The stock has a market cap of $4.48 billion, a P/E ratio of 15.76, a PEG ratio of 0.55 and a beta of 0.89. The firm’s fifty day moving average price is $65.45 and its 200-day moving average price is $60.22.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate 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 forecast that Victory Capital will post 6.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Victory Capital

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

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.