Barclays Forecasts Strong Price Appreciation for Victory Capital (NASDAQ:VCTR) Stock

Victory Capital (NASDAQ:VCTR - Get Free Report) had its target price raised by equities research analysts at Barclays from $70.00 to $75.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's target price suggests a potential upside of 9.47% from the company's previous close.

VCTR has been the topic of a number of other reports. BMO Capital Markets boosted their target price on shares of Victory Capital from $71.00 to $78.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. B. Riley reaffirmed a "neutral" rating and issued a $60.00 price target (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. The Goldman Sachs Group upped their price target on shares of Victory Capital from $60.00 to $68.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Morgan Stanley upped their price target on shares of Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. Finally, Royal Bank of Canada upped their price target on shares of Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $66.11.

Victory Capital Stock Up 1.0 %

Shares of NASDAQ VCTR traded up $0.65 during trading on Monday, reaching $68.51. 197,261 shares of the stock were exchanged, compared to its average volume of 300,478. The business's 50-day moving average price is $65.49 and its 200 day moving average price is $60.33. Victory Capital has a twelve month low of $34.99 and a twelve month high of $73.42. 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 company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89.

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, topping analysts' consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. As a group, equities analysts forecast that Victory Capital will post 6.06 EPS for the current fiscal year.

Institutional Trading of Victory Capital

Institutional investors have recently added to or reduced their stakes in the business. World Investment Advisors LLC bought a new stake in Victory Capital during the third quarter valued at $918,000. Geode Capital Management LLC increased its stake in Victory Capital by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock valued at $57,446,000 after purchasing an additional 101,247 shares during the last quarter. McIlrath & Eck LLC bought a new stake in Victory Capital during the third quarter valued at $565,000. Bank of Montreal Can increased its stake in Victory Capital by 282.0% during the third quarter. Bank of Montreal Can now owns 43,453 shares of the company's stock valued at $2,412,000 after purchasing an additional 32,079 shares during the last quarter. Finally, Royce & Associates LP bought a new position in shares of Victory Capital during the third quarter worth about $7,755,000. 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.