Victory Capital (NASDAQ:VCTR) Price Target Lowered to $49.00 at UBS Group

Victory Capital (NASDAQ:VCTR) had its target price decreased by UBS Group from $50.00 to $49.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential downside of 2.43% from the company’s current price.

VCTR has been the topic of a number of other reports. BMO Capital Markets restated an “outperform” rating and set a $57.00 price target (up from $55.00) on shares of Victory Capital in a report on Monday, May 13th. Royal Bank of Canada raised their price target on shares of Victory Capital from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Morgan Stanley upped their price objective on shares of Victory Capital from $32.00 to $39.00 and gave the company an “underweight” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. raised their target price on Victory Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, B. Riley upped their price target on Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.71.

Victory Capital Stock Performance

NASDAQ:VCTR opened at $50.22 on Wednesday. The company has a market capitalization of $3.25 billion, a PE ratio of 15.40, a P/E/G ratio of 0.52 and a beta of 0.93. Victory Capital has a fifty-two week low of $28.66 and a fifty-two week high of $54.94. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.71 and a current ratio of 0.71. The company has a 50 day simple moving average of $50.18 and a two-hundred day simple moving average of $42.98.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Thursday, May 9th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The firm had revenue of $215.86 million during the quarter, compared to the consensus estimate of $219.14 million. Victory Capital had a return on equity of 29.23% and a net margin of 26.28%. Research analysts anticipate that Victory Capital will post 5.21 earnings per share for the current year.

Institutional Trading of Victory Capital

Several institutional investors and hedge funds have recently modified their holdings of VCTR. Capital World Investors boosted its holdings in Victory Capital by 85.8% during the 1st quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock worth $94,278,000 after acquiring an additional 1,025,954 shares during the last quarter. Swedbank AB purchased a new position in Victory Capital during the first quarter worth about $29,701,000. Vanguard Group Inc. boosted its holdings in Victory Capital by 16.4% during the first quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock worth $158,661,000 after purchasing an additional 527,190 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Victory Capital by 426.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 589,710 shares of the company’s stock worth $20,310,000 after purchasing an additional 477,798 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its stake in Victory Capital by 35.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,110,948 shares of the company’s stock valued at $47,138,000 after buying an additional 288,280 shares during the last quarter. 87.71% of the stock is owned by hedge funds and other 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.