Victory Capital (NASDAQ:VCTR) PT Raised to $64.00

Victory Capital (NASDAQ:VCTR) had its price target upped by research analysts at UBS Group from $49.00 to $64.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 10.34% from the company’s previous close.

A number of other equities analysts have also commented on the company. Barclays initiated coverage on Victory Capital in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $58.00 price objective on the stock. Bank of America raised their price target on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Morgan Stanley raised Victory Capital from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $40.00 to $60.00 in a research note on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on shares of Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, The Goldman Sachs Group raised their target price on shares of Victory Capital from $59.50 to $60.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.67.

Victory Capital Trading Down 3.9 %

VCTR stock opened at $58.00 on Tuesday. Victory Capital has a 52 week low of $28.66 and a 52 week high of $61.68. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91. The company’s 50-day simple moving average is $55.08 and its 200 day simple moving average is $51.55. The company has a market capitalization of $3.75 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 0.65 and a beta of 0.91.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. The firm had revenue of $219.62 million for the quarter, compared to analyst estimates of $220.82 million. As a group, sell-side analysts anticipate that Victory Capital will post 5.19 earnings per share for the current year.

Institutional Investors Weigh In On Victory Capital

A number of hedge funds have recently made changes to their positions in VCTR. Goldman Sachs Group Inc. increased its position in Victory Capital by 426.9% during 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. Vanguard Group Inc. lifted its stake in shares of Victory Capital by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock valued at $110,627,000 after acquiring an additional 104,746 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of Victory Capital by 13.6% during the 1st quarter. Diversified Trust Co now owns 14,160 shares of the company’s stock valued at $601,000 after acquiring an additional 1,695 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Victory Capital by 88.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 20,105 shares of the company’s stock worth $853,000 after acquiring an additional 9,450 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC increased its holdings in Victory Capital by 48.1% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 24,306 shares of the company’s stock worth $1,031,000 after purchasing an additional 7,891 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

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.