Victory Capital (NASDAQ:VCTR) Shares Gap Up - Should You Buy?

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $63.51, but opened at $67.58. Victory Capital shares last traded at $64.13, with a volume of 21,653 shares traded.

Wall Street Analyst Weigh In

VCTR has been the subject of several recent research reports. Morgan Stanley upgraded Victory Capital from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $40.00 to $60.00 in a research report on Friday, October 18th. UBS Group upped their price target on Victory Capital from $49.00 to $64.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised their price objective on shares of Victory Capital from $59.50 to $60.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. upped their target price on shares of Victory Capital from $45.00 to $49.00 and gave the stock a "neutral" rating in a report on Monday, August 19th. Finally, Bank of America increased their target price on shares of Victory Capital from $58.00 to $59.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Victory Capital presently has an average rating of "Moderate Buy" and an average price target of $59.67.

Victory Capital Stock Up 4.1 %

The stock's fifty day moving average price is $56.79 and its 200 day moving average price is $52.77. 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 $4.29 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 0.69 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.04. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. The business had revenue of $219.62 million for the quarter, compared to the consensus estimate of $220.82 million. As a group, research analysts forecast that Victory Capital Holdings, Inc. will post 5.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Victory Capital by 16.4% in the first quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company's stock worth $158,661,000 after buying an additional 527,190 shares during the period. Capital World Investors lifted its position in Victory Capital by 85.8% in the first quarter. Capital World Investors now owns 2,221,954 shares of the company's stock valued at $94,278,000 after purchasing an additional 1,025,954 shares during the last quarter. LSV Asset Management boosted its stake in shares of Victory Capital by 2.7% during the second quarter. LSV Asset Management now owns 1,294,722 shares of the company's stock valued at $61,797,000 after purchasing an additional 34,000 shares during the period. Bahl & Gaynor Inc. grew its holdings 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 worth $57,543,000 after purchasing an additional 94,653 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its stake in shares of Victory Capital by 12.7% in the first quarter. TimesSquare Capital Management LLC now owns 825,747 shares of the company's stock worth $35,036,000 after buying an additional 93,176 shares during the period. 87.71% of the stock is currently owned by institutional investors.

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.