B. Riley Reaffirms Neutral Rating for Victory Capital (NASDAQ:VCTR)

Victory Capital (NASDAQ:VCTR)‘s stock had its “neutral” rating reiterated by stock analysts at B. Riley in a research report issued on Tuesday, Marketbeat Ratings reports. They presently have a $60.00 price target on the stock, up from their previous price target of $57.00. B. Riley’s price objective indicates a potential downside of 5.26% from the company’s previous close.

Other analysts have also issued research reports about the stock. Royal Bank of Canada boosted their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. BMO Capital Markets increased their price target on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Morgan Stanley boosted their price target on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Barclays upped their price target on shares of Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, UBS Group lifted their price objective on shares of 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $65.00.

Victory Capital Trading Up 3.9 %

NASDAQ:VCTR opened at $63.33 on Tuesday. Victory Capital has a one year low of $32.55 and a one year high of $73.42. The business’s 50-day simple moving average is $65.68 and its 200 day simple moving average is $57.52. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 0.59 and a beta of 0.90.

Institutional Trading of Victory Capital

A number of hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Victory Capital by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company’s stock valued at $20,660,000 after acquiring an additional 11,785 shares during the period. Principal Financial Group Inc. increased its stake in shares of Victory Capital by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 47,626 shares of the company’s stock valued at $2,638,000 after buying an additional 722 shares during the period. Franklin Resources Inc. boosted its holdings in Victory Capital by 113.2% in the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after acquiring an additional 1,051,459 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Victory Capital during the 3rd quarter worth approximately $918,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Victory Capital during the 3rd quarter valued at $648,000. 87.71% of the stock is 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.