BMO Capital Markets Boosts Victory Capital (NASDAQ:VCTR) Price Target to $71.00

Victory Capital (NASDAQ:VCTR - Get Free Report) had its target price increased by research analysts at BMO Capital Markets from $69.00 to $71.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' target price would indicate a potential upside of 1.13% from the stock's current price.

VCTR has been the subject of a number of other reports. Royal Bank of Canada increased their target price on shares of Victory Capital from $55.00 to $61.00 and gave the company an "outperform" rating in a research report on Friday, October 11th. JPMorgan Chase & Co. raised their price objective on shares of Victory Capital from $45.00 to $49.00 and gave the stock a "neutral" rating in a report on Monday, August 19th. 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 price objective for the company. UBS Group raised their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Finally, Bank of America raised their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the stock a "buy" rating in a report on Monday, August 12th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.56.

Victory Capital Stock Up 6.2 %

NASDAQ:VCTR traded up $4.09 on Monday, hitting $70.21. The stock had a trading volume of 533,012 shares, compared to its average volume of 376,379. Victory Capital has a 1 year low of $30.60 and a 1 year high of $70.56. The firm's fifty day simple moving average is $57.33 and its two-hundred day simple moving average is $53.07. The stock has a market cap of $4.55 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 0.70 and a beta of 0.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.04. Victory Capital had a net margin of 30.82% and a return on equity of 30.55%. The firm had revenue of $219.62 million during the quarter, compared to the consensus estimate of $220.82 million. Analysts predict that Victory Capital will post 5.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VCTR. Capital World Investors boosted its holdings in Victory Capital by 85.8% in the 1st quarter. Capital World Investors now owns 2,221,954 shares of the company's stock valued at $94,278,000 after purchasing an additional 1,025,954 shares during the period. Swedbank AB purchased a new stake in shares of Victory Capital during the 1st quarter valued at $29,701,000. Vanguard Group Inc. raised its position in shares of Victory Capital by 16.4% during the 1st quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company's stock valued at $158,661,000 after buying an additional 527,190 shares in the last quarter. Bahl & Gaynor Inc. raised its position in shares of Victory Capital by 35.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,110,948 shares of the company's stock valued at $47,138,000 after buying an additional 288,280 shares in the last quarter. Finally, F M Investments LLC purchased a new stake in shares of Victory Capital during the 2nd quarter valued at $11,149,000. 87.71% of the stock is 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.