Barclays Cuts Victory Capital (NASDAQ:VCTR) Price Target to $59.00

Victory Capital (NASDAQ:VCTR - Get Free Report) had its price objective lowered by Barclays from $75.00 to $59.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective indicates a potential upside of 4.83% from the stock's current price.

VCTR has been the topic of several other reports. B. Riley reiterated a "neutral" rating and issued a $60.00 price objective (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Morgan Stanley increased their target price on shares of Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Friday, December 20th. BMO Capital Markets upped their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Bank of America reduced their target price on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Victory Capital has a consensus rating of "Hold" and a consensus price target of $69.67.

Victory Capital Stock Up 0.7 %

Shares of NASDAQ VCTR traded up $0.40 during trading hours on Wednesday, hitting $56.28. The company had a trading volume of 218,570 shares, compared to its average volume of 374,626. The stock has a market capitalization of $3.58 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm's 50 day moving average is $59.81 and its 200-day moving average is $62.68. Victory Capital has a 1-year low of $43.82 and a 1-year high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. On average, analysts expect that Victory Capital will post 6.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VCTR. Covestor Ltd raised its holdings in shares of Victory Capital by 3,207.1% in the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after purchasing an additional 449 shares during the last quarter. Versant Capital Management Inc purchased a new stake in Victory Capital during the 1st quarter valued at $34,000. Principal Securities Inc. raised its position in Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after purchasing an additional 157 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in Victory Capital in the 1st quarter worth $37,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Victory Capital in the 4th quarter valued at approximately $43,000. Institutional investors own 87.71% of the company's stock.

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.