Victory Capital (NASDAQ:VCTR - Get Free Report) had its target price lowered by equities research analysts at Bank of America from $89.00 to $87.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Bank of America's price target would suggest a potential upside of 68.31% from the company's current price.
A number of other analysts have also recently commented on VCTR. BMO Capital Markets upped their price target on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. 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. Barclays boosted their price objective on Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Morgan Stanley lifted their target price on Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $71.44.
Get Our Latest Stock Report on VCTR
Victory Capital Stock Performance
Shares of VCTR stock traded up $0.25 during trading hours on Thursday, hitting $51.69. 180,714 shares of the company were exchanged, compared to its average volume of 381,414. Victory Capital has a 52-week low of $42.10 and a 52-week high of $73.42. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a fifty day simple moving average of $62.32 and a 200 day simple moving average of $62.82. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 0.55 and a beta of 0.86.
Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results 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%. Research analysts predict that Victory Capital will post 6.16 earnings per share for the current fiscal year.
Institutional Trading of Victory Capital
Several institutional investors and hedge funds have recently made changes to their positions in VCTR. Covestor Ltd increased its stake in 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 acquiring an additional 449 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of Victory Capital during the 1st quarter valued at about $34,000. Principal Securities Inc. raised its holdings in shares of 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 buying an additional 157 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Victory Capital in the 4th quarter worth approximately $43,000. Finally, Quantbot Technologies LP bought a new stake in Victory Capital in the 3rd quarter worth approximately $72,000. Hedge funds and other institutional investors own 87.71% of the company's stock.
Victory Capital Company Profile
(
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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