Victory Capital (NASDAQ:VCTR) Price Target Raised to $82.00

Victory Capital (NASDAQ:VCTR) had its price target upped by research analysts at BMO Capital Markets from $73.00 to $82.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 16.37% from the company’s current price.

VCTR has been the subject of several other reports. B. Riley reiterated a “neutral” rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. UBS Group boosted 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. Morgan Stanley increased their price objective on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Barclays increased their target price on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, The Goldman Sachs Group lifted 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. Five 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, the company has a consensus rating of “Hold” and a consensus target price of $66.11.

Victory Capital Stock Down 0.2 %

Shares of NASDAQ:VCTR opened at $70.47 on Monday. Victory Capital has a 12-month low of $34.49 and a 12-month high of $73.42. The business has a fifty day simple moving average of $65.46 and a 200 day simple moving average of $59.99. The firm has a market cap of $4.58 billion, a P/E ratio of 16.12, a P/E/G ratio of 0.55 and a beta of 0.89. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Analysts predict that Victory Capital will post 6.06 earnings per share for the current year.

Hedge Funds Weigh In On Victory Capital

Hedge funds have recently made changes to their positions in the company. Truist Financial Corp raised its stake in shares of Victory Capital by 11.1% during the 2nd quarter. Truist Financial Corp now owns 22,278 shares of the company’s stock valued at $1,063,000 after buying an additional 2,220 shares during the last quarter. Ritholtz Wealth Management purchased a new position in shares of Victory Capital in the third quarter valued at approximately $267,000. Annex Advisory Services LLC boosted its stake in shares of Victory Capital by 32.9% in the third quarter. Annex Advisory Services LLC now owns 24,806 shares of the company’s stock worth $1,374,000 after acquiring an additional 6,139 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its position in shares of Victory Capital by 9.2% during the third quarter. Redhawk Wealth Advisors Inc. now owns 23,915 shares of the company’s stock worth $1,325,000 after purchasing an additional 2,015 shares in the last quarter. Finally, Creative Planning acquired a new position in Victory Capital in the 3rd quarter valued at $476,000. 87.71% of the stock is 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.