Victory Capital (NASDAQ:VCTR) Stock Gets Price Target Boost from Barclays

Victory Capital (NASDAQ:VCTR) had its price objective hoisted by analysts at Barclays from $121.00 to $126.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 7.87% from the stock’s current price.

Several other brokerages have also issued reports on VCTR. UBS Group set a $117.00 price objective on shares of Victory Capital in a report on Friday, August 28th. The Goldman Sachs Group upped their target price on shares of Victory Capital from $100.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. Weiss Ratings raised shares of Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $101.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, October 16th. Finally, Royal Bank Of Canada lifted their price target on shares of Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $119.50.

Victory Capital Trading Up 3.9%

NASDAQ:VCTR traded up $4.40 on Friday, reaching $116.81. The company’s stock had a trading volume of 67,652 shares, compared to its average volume of 588,713. Victory Capital has a 12-month low of $57.03 and a 12-month high of $123.55. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 0.56 and a beta of 1.12. The stock has a 50 day moving average price of $110.82 and a 200 day moving average price of $90.07.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.01). The business had revenue of $396.57 million during the quarter, compared to analyst estimates of $411.23 million. Victory Capital had a net margin of 28.58% and a return on equity of 24.46%. On average, equities analysts anticipate that Victory Capital will post 7.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Victory Capital

Large investors have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new position in Victory Capital in the 3rd quarter valued at approximately $232,000. CENTRAL TRUST Co grew its stake in shares of Victory Capital by 51.1% in the third quarter. CENTRAL TRUST Co now owns 281 shares of the company’s stock worth $31,000 after acquiring an additional 95 shares in the last quarter. Maryland State Retirement & Pension System increased its position in shares of Victory Capital by 63.2% during the third quarter. Maryland State Retirement & Pension System now owns 10,981 shares of the company’s stock worth $1,214,000 after acquiring an additional 4,251 shares during the period. Ritholtz Wealth Management increased its position in shares of Victory Capital by 7.3% during the third quarter. Ritholtz Wealth Management now owns 12,533 shares of the company’s stock worth $1,386,000 after acquiring an additional 858 shares during the period. Finally, Illinois Municipal Retirement Fund increased its position in shares of Victory Capital by 3.9% during the third quarter. Illinois Municipal Retirement Fund now owns 25,053 shares of the company’s stock worth $2,771,000 after acquiring an additional 945 shares during the period. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Company Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.