Victory Capital (NASDAQ:VCTR - Get Free Report) had its price target boosted by research analysts at Morgan Stanley from $60.00 to $64.00 in a report issued on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's target price indicates a potential downside of 8.52% from the company's previous close.
Several other equities analysts have also recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Victory Capital from $59.50 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Barclays started coverage on Victory Capital in a report on Tuesday, August 27th. They issued an "equal weight" rating and a $58.00 target price for the company. UBS Group boosted their target price on Victory Capital from $49.00 to $64.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. BMO Capital Markets raised their price target on Victory Capital from $61.00 to $69.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Finally, Bank of America increased their price objective on Victory Capital from $58.00 to $59.00 and gave the company a "buy" rating in a report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.56.
Check Out Our Latest Research Report on Victory Capital
Victory Capital Stock Performance
Shares of Victory Capital stock traded up $3.84 on Monday, hitting $69.96. The stock had a trading volume of 345,458 shares, compared to its average volume of 375,519. The company's 50 day moving average price is $57.02 and its 200 day moving average price is $52.92. Victory Capital has a 52-week low of $30.60 and a 52-week high of $70.56. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 0.70 and a beta of 0.90.
Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $220.82 million. On average, research analysts anticipate that Victory Capital will post 5.22 EPS for the current year.
Hedge Funds Weigh In On Victory Capital
Several institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC raised its stake in Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company's stock worth $32,000 after acquiring an additional 564 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in Victory Capital by 53.2% during the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company's stock valued at $32,000 after buying an additional 199 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company's stock valued at $32,000 after buying an additional 452 shares during the last quarter. USA Financial Formulas increased its holdings in Victory Capital by 157.9% in the third quarter. USA Financial Formulas now owns 1,104 shares of the company's stock valued at $61,000 after buying an additional 676 shares during the last quarter. Finally, Amalgamated Bank grew its stake in Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company's stock worth $68,000 after buying an additional 479 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.
About Victory Capital
(
Get Free Report)
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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