Victory Capital (NASDAQ:VCTR) Given New $78.00 Price Target at BMO Capital Markets

Victory Capital (NASDAQ:VCTR - Get Free Report) had its price target upped by equities research analysts at BMO Capital Markets from $71.00 to $78.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' price objective would suggest a potential upside of 24.62% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. The Goldman Sachs Group lifted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Morgan Stanley boosted their price objective on Victory Capital from $60.00 to $64.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Barclays increased their target price on Victory Capital from $59.00 to $69.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. UBS Group boosted their price target on Victory Capital from $49.00 to $64.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada lifted their target price on Victory Capital from $61.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Victory Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.44.

Victory Capital Stock Performance

Shares of VCTR stock traded up $1.40 on Thursday, reaching $62.59. The stock had a trading volume of 605,410 shares, compared to its average volume of 393,566. Victory Capital has a 12 month low of $32.55 and a 12 month high of $73.42. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 0.59 and a beta of 0.89. The firm's 50-day moving average is $64.08 and its two-hundred day moving average is $55.85. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84.

Hedge Funds Weigh In On Victory Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in VCTR. Franklin Resources Inc. raised its holdings in Victory Capital by 113.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock valued at $115,990,000 after buying an additional 1,051,459 shares during the last quarter. LSV Asset Management lifted its holdings in Victory Capital by 2.7% during the 2nd quarter. LSV Asset Management now owns 1,294,722 shares of the company's stock worth $61,797,000 after buying an additional 34,000 shares during the period. Bahl & Gaynor Inc. increased its stake in shares of Victory Capital by 8.5% in the second quarter. Bahl & Gaynor Inc. now owns 1,205,601 shares of the company's stock valued at $57,543,000 after buying an additional 94,653 shares during the period. State Street Corp raised its position in shares of Victory Capital by 6.4% during the third quarter. State Street Corp now owns 1,162,842 shares of the company's stock worth $64,421,000 after acquiring an additional 69,654 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Victory Capital by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock worth $57,446,000 after acquiring an additional 101,247 shares during the period. 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.