Victory Capital (NASDAQ:VCTR) Price Target Raised to $57.00


Victory Capital (NASDAQ:VCTR – Get Free Report) had its target price increased by investment analysts at B. Riley from $48.00 to $57.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target would indicate a potential upside of 20.08% from the stock’s current price.

A number of other brokerages have also weighed in on VCTR. UBS Group lifted their price objective on shares of Victory Capital from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Morgan Stanley boosted their price target on shares of Victory Capital from $30.00 to $32.00 and gave the company an “underweight” rating in a report on Wednesday. BMO Capital Markets boosted their price target on shares of Victory Capital from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Royal Bank of Canada boosted their price target on shares of Victory Capital from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Victory Capital has an average rating of “Hold” and an average target price of $43.71.

Read Our Latest Report on Victory Capital

Victory Capital Trading Up 3.4%

Shares of VCTR opened at $47.47 on Friday. Victory Capital has a 1-year low of $27.73 and a 1-year high of $47.85. The company has a 50-day moving average of $40.50 and a 200-day moving average of $35.45. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 0.57 and a beta of 1.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.66.

Victory Capital (NASDAQ:VCTR – Get Free Report) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The company had revenue of $205.80 million during the quarter, compared to analyst estimates of $204.20 million. During the same quarter last year, the business posted $1.03 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, research analysts expect that Victory Capital will post 5.08 EPS for the current year.

Hedge Funds Weigh In On Victory Capital

Several large investors have recently made changes to their positions in VCTR. Bank of New York Mellon Corp lifted its stake in shares of Victory Capital by 7.2% in the 1st quarter. Bank of New York Mellon Corp now owns 230,872 shares of the company’s stock valued at $6,665,000 after purchasing an additional 15,601 shares during the period. US Bancorp DE lifted its stake in shares of Victory Capital by 50.0% in the 1st quarter. US Bancorp DE now owns 9,000 shares of the company’s stock valued at $260,000 after purchasing an additional 3,000 shares during the period. Bank of Montreal Can lifted its stake in shares of Victory Capital by 32.9% in the 1st quarter. Bank of Montreal Can now owns 34,499 shares of the company’s stock valued at $1,026,000 after purchasing an additional 8,535 shares during the period. BlackRock Inc. lifted its stake in shares of Victory Capital by 33.7% in the 1st quarter. BlackRock Inc. now owns 630,415 shares of the company’s stock valued at $18,201,000 after purchasing an additional 159,042 shares during the period. Finally, LSV Asset Management lifted its stake in shares of Victory Capital by 2.8% in the 1st quarter. LSV Asset Management now owns 473,454 shares of the company’s stock valued at $13,669,000 after purchasing an additional 12,820 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

About Victory Capital

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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.

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Analyst Recommendations for Victory Capital (NASDAQ:VCTR)



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