Victory Capital (NASDAQ:VCTR - Get Free Report) had its target price hoisted by BMO Capital Markets from $69.00 to $71.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' target price indicates a potential upside of 3.79% from the stock's previous close.
Other equities research analysts also recently issued research reports about the stock. Barclays began coverage on shares of Victory Capital in a report on Tuesday, August 27th. They issued an "equal weight" rating and a $58.00 target price on the stock. Bank of America upped their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. The Goldman Sachs Group raised their price objective on shares of Victory Capital from $59.50 to $60.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Royal Bank of Canada increased their price target on Victory Capital from $55.00 to $61.00 and gave the stock an "outperform" rating in a research report on Friday, October 11th. Finally, UBS Group lifted their price objective on Victory Capital from $49.00 to $64.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $60.33.
Get Our Latest Analysis on Victory Capital
NASDAQ VCTR traded up $2.29 during trading on Monday, reaching $68.41. 24,543 shares of the company traded hands, compared to its average volume of 374,047. Victory Capital has a 1-year low of $30.60 and a 1-year high of $68.69. 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 stock's 50 day moving average price is $57.02 and its two-hundred day moving average price is $52.92. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 0.70 and a beta of 0.90.
Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.26 by $0.04. Victory Capital had a return on equity of 30.55% and a net margin of 30.82%. The business had revenue of $219.62 million for the quarter, compared to analyst estimates of $220.82 million. As a group, analysts anticipate that Victory Capital will post 5.22 EPS for the current year.
Several large investors have recently made changes to their positions in the company. Intech Investment Management LLC acquired a new stake in Victory Capital in the third quarter worth about $585,000. Empowered Funds LLC grew its position in shares of Victory Capital by 24.5% during the 3rd quarter. Empowered Funds LLC now owns 37,768 shares of the company's stock worth $2,092,000 after buying an additional 7,426 shares during the period. Royce & Associates LP bought a new stake in shares of Victory Capital during the third quarter worth approximately $7,755,000. Victory Capital Management Inc. lifted its holdings in Victory Capital by 3.2% in the third quarter. Victory Capital Management Inc. now owns 29,372 shares of the company's stock valued at $1,627,000 after buying an additional 919 shares during the period. Finally, Apollon Wealth Management LLC boosted its stake in Victory Capital by 6.7% in the third quarter. Apollon Wealth Management LLC now owns 10,508 shares of the company's stock valued at $582,000 after acquiring an additional 658 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.
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.
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