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

Victory Capital (NASDAQ:VCTR) had its price target increased by equities research analysts at Barclays from $69.00 to $70.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 5.89% from the company’s current price.

VCTR has been the topic of several other research reports. Morgan Stanley boosted 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 note on Friday, December 20th. The Goldman Sachs Group raised their price target on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets upped their price objective on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Royal Bank of Canada increased their target price on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Finally, B. Riley restated a “neutral” rating and issued a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $65.11.

Victory Capital Price Performance

Shares of NASDAQ VCTR traded up $0.53 during mid-day trading on Friday, reaching $66.11. The company’s stock had a trading volume of 66,075 shares, compared to its average volume of 275,325. The stock has a fifty day moving average of $65.88 and a two-hundred day moving average of $58.06. The firm has a market capitalization of $4.30 billion, a PE ratio of 16.44, a P/E/G ratio of 0.45 and a beta of 0.90. Victory Capital has a 52 week low of $33.39 and a 52 week high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19.

Hedge Funds Weigh In On Victory Capital

Large investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. lifted its stake in Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after purchasing an additional 199 shares during the last quarter. FMR LLC raised its holdings in shares of Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after buying an additional 206 shares during the period. HighTower Advisors LLC boosted its holdings in Victory Capital by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock valued at $520,000 after acquiring an additional 377 shares during the period. Farther Finance Advisors LLC boosted its holdings in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after acquiring an additional 452 shares during the period. Finally, Amalgamated Bank grew its position in Victory Capital by 50.7% in the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after acquiring an additional 479 shares during the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

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.