Victory Capital (NASDAQ:VCTR) Given New $78.00 Price Target at BMO Capital Markets

Victory Capital (NASDAQ:VCTR) had its price objective hoisted by BMO Capital Markets from $71.00 to $78.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 25.64% from the company’s current price.

Other research analysts also recently issued reports about the company. Morgan Stanley increased their target price on shares of Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. UBS Group increased their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group lifted their target price on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada increased their price target on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, Barclays boosted their price objective on Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.44.

Victory Capital Stock Performance

Victory Capital stock traded up $0.89 during trading on Thursday, reaching $62.08. The company had a trading volume of 236,391 shares, compared to its average volume of 392,026. The firm’s 50-day simple moving average is $64.01 and its 200 day simple moving average is $55.82. Victory Capital has a 52 week low of $32.55 and a 52 week high of $73.42. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 0.59 and a beta of 0.89.

Institutional Trading of Victory Capital

Large investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its position in Victory Capital by 113.2% in the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock worth $115,990,000 after acquiring an additional 1,051,459 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Victory Capital by 2.7% in the 2nd quarter. LSV Asset Management now owns 1,294,722 shares of the company’s stock worth $61,797,000 after purchasing an additional 34,000 shares during the period. Bahl & Gaynor Inc. increased its position in shares of Victory Capital by 8.5% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,205,601 shares of the company’s stock valued at $57,543,000 after purchasing an additional 94,653 shares during the last quarter. State Street Corp raised its holdings in Victory Capital by 6.4% during the 3rd quarter. State Street Corp now owns 1,162,842 shares of the company’s stock valued at $64,421,000 after buying an additional 69,654 shares during the period. Finally, Geode Capital Management LLC lifted its position in Victory Capital by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock worth $57,446,000 after buying an additional 101,247 shares during the last quarter. 87.71% of the stock is currently 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.