Victory Capital (NASDAQ:VCTR) Price Target Raised to $75.00 at Barclays

Victory Capital (NASDAQ:VCTR) had its price target lifted by equities researchers at Barclays from $70.00 to $75.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 6.26% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. BMO Capital Markets increased their target price on Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. B. Riley restated a “neutral” rating and issued a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. The Goldman Sachs Group increased their target price 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. Royal Bank of Canada boosted their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, Morgan Stanley upped their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $65.67.

Victory Capital Stock Up 7.5 %

Victory Capital stock opened at $70.58 on Monday. The business has a fifty day moving average of $65.46 and a two-hundred day moving average of $59.99. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a twelve month low of $34.49 and a twelve month high of $73.42. The firm has a market cap of $4.59 billion, a P/E ratio of 16.15, a P/E/G ratio of 0.55 and a beta of 0.89.

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

Hedge Funds Weigh In On Victory Capital

Hedge funds have recently made changes to their positions in the stock. World Investment Advisors LLC acquired a new position in Victory Capital during the third quarter worth $918,000. Geode Capital Management LLC raised its holdings in shares of Victory Capital by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock valued at $57,446,000 after buying an additional 101,247 shares during the period. McIlrath & Eck LLC acquired a new position in Victory Capital during the 3rd quarter worth about $565,000. Bank of Montreal Can boosted its holdings in Victory Capital by 282.0% during the 3rd quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock valued at $2,412,000 after acquiring an additional 32,079 shares during the period. Finally, Royce & Associates LP acquired a new position in Victory Capital in the 3rd quarter valued at about $7,755,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

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.