Victory Capital (NASDAQ:VCTR) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Victory Capital (NASDAQ:VCTR) had its target price lifted by research analysts at BMO Capital Markets from $73.00 to $82.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 16.37% from the company’s current price.

Several other research firms have also recently weighed in on VCTR. Morgan Stanley lifted their target price on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. The Goldman Sachs Group raised their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Barclays raised their target price on shares of Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday. Royal Bank of Canada boosted their price objective on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, UBS Group increased their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $66.11.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $70.47 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. Victory Capital has a 52 week low of $34.49 and a 52 week high of $73.42. The firm’s fifty day moving average is $65.46 and its 200-day moving average is $59.99. The firm has a market cap of $4.58 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. Sell-side analysts predict that Victory Capital will post 6.06 earnings per share for the current year.

Hedge Funds Weigh In On Victory Capital

Several large investors have recently added to or reduced their stakes in the company. Swiss National Bank grew its stake in Victory Capital by 1.0% in the 4th quarter. Swiss National Bank now owns 83,000 shares of the company’s stock valued at $5,433,000 after buying an additional 800 shares during the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of Victory Capital during the 4th quarter worth approximately $635,000. PFG Advisors acquired a new stake in shares of Victory Capital during the fourth quarter worth about $371,000. HighTower Advisors LLC increased its position in shares of Victory Capital by 6.0% during the fourth quarter. HighTower Advisors LLC now owns 9,915 shares of the company’s stock worth $649,000 after acquiring an additional 564 shares in the last quarter. Finally, Moran Wealth Management LLC acquired a new stake in shares of Victory Capital in the fourth quarter valued at approximately $3,189,000. 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.