Victory Capital (NASDAQ:VCTR) PT Raised to $64.00 at UBS Group

Victory Capital (NASDAQ:VCTR) had its price objective raised by stock analysts at UBS Group from $49.00 to $64.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 10.34% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Bank of America upped their price objective on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. upped their price target on Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. BMO Capital Markets lifted their price objective on shares of Victory Capital from $61.00 to $69.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Royal Bank of Canada increased their target price on shares of Victory Capital from $55.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. Finally, Morgan Stanley upgraded shares of Victory Capital from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $40.00 to $60.00 in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.67.

Victory Capital Stock Performance

Shares of VCTR stock opened at $58.00 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91. Victory Capital has a 52 week low of $28.66 and a 52 week high of $61.68. The company’s 50 day moving average price is $55.08 and its two-hundred day moving average price is $51.55. The company has a market capitalization of $3.75 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 0.65 and a beta of 0.91.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. The business had revenue of $219.62 million for the quarter, compared to analyst estimates of $220.82 million. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. On average, analysts expect that Victory Capital will post 5.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VCTR. Contravisory Investment Management Inc. grew its holdings in Victory Capital by 53.2% during the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after purchasing an additional 199 shares during the period. CWM LLC boosted its stake in shares of Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after acquiring an additional 564 shares during the period. USA Financial Formulas increased its holdings in shares of Victory Capital by 157.9% during the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after acquiring an additional 676 shares during the last quarter. Amalgamated Bank raised its stake in Victory Capital by 50.7% in the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after acquiring an additional 479 shares during the period. Finally, nVerses Capital LLC lifted its holdings in Victory Capital by 200.0% during the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the company’s stock valued at $129,000 after purchasing an additional 1,800 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

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.