Victory Capital (NASDAQ:VCTR) Price Target Raised to $70.00

Victory Capital (NASDAQ:VCTR) had its price objective hoisted by equities researchers at Barclays from $69.00 to $70.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 5.89% from the company’s previous close.

VCTR has been the topic of several other reports. Royal Bank of Canada increased their target price on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group upped their price target on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. UBS Group lifted their price objective on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. BMO Capital Markets upped their target price on shares of Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, B. Riley reiterated a “neutral” rating and issued a $60.00 price target (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $65.11.

Victory Capital Stock Up 0.8 %

Victory Capital stock traded up $0.53 during trading hours on Friday, hitting $66.11. The stock had a trading volume of 66,075 shares, compared to its average volume of 275,325. The stock’s 50-day moving average price is $65.88 and its 200-day moving average price is $58.06. Victory Capital has a 12-month low of $33.39 and a 12-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 stock has a market capitalization of $4.30 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 0.45 and a beta of 0.90.

Institutional Trading of Victory Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. increased its stake in shares of Victory Capital by 53.2% in the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after purchasing an additional 199 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 452 shares during the period. USA Financial Formulas increased its position in Victory Capital by 157.9% in the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after buying an additional 676 shares in the last quarter. Amalgamated Bank raised its stake in shares of Victory Capital by 50.7% in the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after buying an additional 479 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Victory Capital during the 3rd quarter valued at about $72,000. 87.71% of the stock is owned by hedge funds and other 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.