JPMorgan Chase & Co. Boosts Victory Capital (NASDAQ:VCTR) Price Target to $69.00

Victory Capital (NASDAQ:VCTR - Get Free Report) had its target price hoisted by analysts at JPMorgan Chase & Co. from $62.00 to $69.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 5.54% from the company's previous close.

A number of other equities research analysts also recently commented on VCTR. Barclays lifted their target price on Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, February 10th. The Goldman Sachs Group lifted their target price on Victory Capital from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. B. Riley restated a "neutral" rating and issued a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Royal Bank of Canada lifted their target price on Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Finally, Morgan Stanley lifted their price objective on Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a research note on Friday, December 20th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Victory Capital has an average rating of "Hold" and a consensus price target of $68.33.

Victory Capital Trading Down 1.9 %

Victory Capital stock traded down $1.29 during trading on Tuesday, reaching $65.38. 214,614 shares of the company were exchanged, compared to its average volume of 290,542. Victory Capital has a 52-week low of $36.82 and a 52-week high of $73.42. The company has a market capitalization of $4.25 billion, a P/E ratio of 14.96, a PEG ratio of 0.57 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The stock's 50 day simple moving average is $65.73 and its two-hundred day simple moving average is $61.07.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its 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%. On average, equities research analysts expect that Victory Capital will post 6.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VCTR. Creative Planning acquired a new position in Victory Capital during the 3rd quarter worth $476,000. Blue Trust Inc. grew its stake in Victory Capital by 170.0% during the 3rd quarter. Blue Trust Inc. now owns 3,105 shares of the company's stock worth $172,000 after purchasing an additional 1,955 shares in the last quarter. Raymond James & Associates grew its stake in Victory Capital by 9.1% during the 3rd quarter. Raymond James & Associates now owns 54,792 shares of the company's stock worth $3,035,000 after purchasing an additional 4,552 shares in the last quarter. Argent Capital Management LLC grew its stake in Victory Capital by 5.2% during the 3rd quarter. Argent Capital Management LLC now owns 108,709 shares of the company's stock worth $6,022,000 after purchasing an additional 5,357 shares in the last quarter. Finally, New York State Teachers Retirement System grew its stake in Victory Capital by 52.5% during the 3rd quarter. New York State Teachers Retirement System now owns 3,754 shares of the company's stock worth $208,000 after purchasing an additional 1,293 shares in the last quarter. 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.