Victory Capital (NASDAQ:VCTR) Price Target Raised to $101.00

Victory Capital (NASDAQ:VCTR) had its price target upped by stock analysts at JPMorgan Chase & Co. from $87.00 to $101.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 6.93% from the stock’s previous close.

Several other equities research analysts have also weighed in on VCTR. Barclays set a $112.00 price objective on Victory Capital in a research note on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research note on Friday, July 17th. Royal Bank Of Canada set a $118.00 price target on Victory Capital in a research report on Friday. Morgan Stanley set a $91.00 price objective on Victory Capital in a research note on Wednesday, July 29th. Finally, Wall Street Zen raised Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.29.

Victory Capital Price Performance

NASDAQ VCTR traded up $1.73 on Friday, reaching $108.52. The company’s stock had a trading volume of 209,228 shares, compared to its average volume of 566,365. The firm has a market cap of $6.79 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 1.17 and a beta of 1.08. The business has a 50-day moving average price of $91.35 and a 200 day moving average price of $79.72. Victory Capital has a 52 week low of $57.03 and a 52 week high of $109.93. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.42. The firm had revenue of $435.36 million during the quarter, compared to analysts’ expectations of $386.09 million. Victory Capital had a net margin of 29.57% and a return on equity of 24.12%. Sell-side analysts expect that Victory Capital will post 7.38 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Victory Capital by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock worth $303,769,000 after acquiring an additional 73,142 shares in the last quarter. Capital World Investors increased its holdings in Victory Capital by 4.3% during the 4th quarter. Capital World Investors now owns 3,768,001 shares of the company’s stock valued at $237,723,000 after purchasing an additional 155,732 shares in the last quarter. Amundi acquired a new stake in Victory Capital during the 4th quarter valued at $192,735,000. State Street Corp raised its position in Victory Capital by 0.5% in the 4th quarter. State Street Corp now owns 1,857,636 shares of the company’s stock valued at $117,198,000 after purchasing an additional 8,322 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Victory Capital by 14.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock valued at $114,163,000 after purchasing an additional 221,471 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.