Victory Capital (NASDAQ:VCTR) PT Raised to $69.00 at BMO Capital Markets

Victory Capital (NASDAQ:VCTR) had its price target increased by equities researchers at BMO Capital Markets from $61.00 to $69.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 13.96% from the stock’s current price.

A number of other equities analysts have also commented on VCTR. Barclays assumed coverage on shares of Victory Capital in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $58.00 price objective for the company. JPMorgan Chase & Co. upped their price target on shares of Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. The Goldman Sachs Group boosted their target price on Victory Capital from $59.50 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Morgan Stanley lifted their price target on Victory Capital from $39.00 to $40.00 and gave the company an “underweight” rating in a research report on Tuesday, August 13th. Finally, Royal Bank of Canada upped their price objective on shares of Victory Capital from $55.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Victory Capital presently has a consensus rating of “Hold” and a consensus price target of $55.78.

Victory Capital Stock Up 0.4 %

VCTR opened at $60.55 on Wednesday. The company has a 50 day moving average of $53.92 and a 200 day moving average of $50.93. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. Victory Capital has a 12 month low of $28.66 and a 12 month high of $60.85. The company has a market cap of $3.92 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 0.62 and a beta of 0.91.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.04. The company had revenue of $219.62 million during the quarter, compared to analysts’ expectations of $220.82 million. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. On average, sell-side analysts expect that Victory Capital will post 5.19 EPS for the current year.

Institutional Investors Weigh In On Victory Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. increased its position in shares of Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after acquiring an additional 199 shares during the period. CWM LLC lifted its holdings in Victory Capital by 486.2% in the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after buying an additional 564 shares during the period. USA Financial Formulas grew its position in shares of Victory Capital by 157.9% in the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after buying an additional 676 shares during the last quarter. Amalgamated Bank increased its stake in shares of Victory Capital by 50.7% during the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after buying an additional 479 shares during the period. Finally, nVerses Capital LLC raised its holdings in shares of Victory Capital by 200.0% during the second quarter. nVerses Capital LLC now owns 2,700 shares of the company’s stock valued at $129,000 after acquiring an additional 1,800 shares in the last quarter. 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.