Victory Capital (NASDAQ:VCTR) Price Target Raised to $78.00 at BMO Capital Markets

Victory Capital (NASDAQ:VCTR) had its price target hoisted by equities researchers at BMO Capital Markets from $71.00 to $78.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 25.64% from the stock’s previous close.

A number of other research analysts have also commented on VCTR. Barclays upped their price target on Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Morgan Stanley boosted their price target on shares of Victory Capital from $60.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. UBS Group raised their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group upped their target price on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Royal Bank of Canada lifted their price target on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.44.

Victory Capital Trading Up 1.5 %

Shares of NASDAQ VCTR traded up $0.89 during mid-day trading on Thursday, hitting $62.08. The stock had a trading volume of 236,391 shares, compared to its average volume of 392,026. The business has a 50 day moving average price of $64.01 and a two-hundred day moving average price of $55.82. Victory Capital has a 1 year low of $32.55 and a 1 year high of $73.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $4.04 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 0.59 and a beta of 0.89.

Institutional Trading of Victory Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC increased its holdings in shares of Victory Capital by 486.2% in the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after purchasing an additional 564 shares in the last quarter. Raymond James & Associates grew its stake in shares of Victory Capital by 66.4% in the second quarter. Raymond James & Associates now owns 50,240 shares of the company’s stock worth $2,398,000 after acquiring an additional 20,042 shares during the period. Argent Capital Management LLC raised its holdings in shares of Victory Capital by 10.1% during the second quarter. Argent Capital Management LLC now owns 103,352 shares of the company’s stock valued at $4,933,000 after purchasing an additional 9,478 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Victory Capital by 11.0% during the second quarter. Bank of New York Mellon Corp now owns 589,887 shares of the company’s stock valued at $28,155,000 after purchasing an additional 58,336 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Victory Capital by 20.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,937 shares of the company’s stock worth $379,000 after purchasing an additional 1,351 shares during the last quarter. 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.