Victory Capital (NASDAQ:VCTR) Stock Price Expected to Rise, Barclays Analyst Says

Victory Capital (NASDAQ:VCTR) had its price target upped by analysts at Barclays from $59.00 to $69.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 6.58% from the stock’s current price.

Other analysts also recently issued reports about the company. Morgan Stanley raised their price objective on Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday. Royal Bank of Canada boosted their price target on shares of Victory Capital from $55.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. The Goldman Sachs Group increased their price objective on shares of Victory Capital from $59.50 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. UBS Group boosted their target price on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.44.

Victory Capital Trading Down 7.8 %

VCTR opened at $64.74 on Monday. The stock has a market capitalization of $4.20 billion, a PE ratio of 16.10, a P/E/G ratio of 0.70 and a beta of 0.90. Victory Capital has a one year low of $30.60 and a one year high of $70.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91. The business’s 50 day moving average price is $57.57 and its 200 day moving average price is $53.16.

Hedge Funds Weigh In On Victory Capital

A number of institutional investors and hedge funds have recently made changes to their positions in VCTR. Capital World Investors raised its holdings in shares of Victory Capital by 85.8% in the 1st quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock valued at $94,278,000 after purchasing an additional 1,025,954 shares in the last quarter. Swedbank AB boosted its position in shares of Victory Capital by 7.1% during the 2nd quarter. Swedbank AB now owns 750,000 shares of the company’s stock worth $35,798,000 after acquiring an additional 50,000 shares in the last quarter. Sei Investments Co. lifted its stake in Victory Capital by 106.7% during the first quarter. Sei Investments Co. now owns 113,254 shares of the company’s stock worth $4,805,000 after purchasing an additional 58,458 shares during the last quarter. Inspire Investing LLC acquired a new position in Victory Capital in the first quarter valued at approximately $884,000. Finally, Acadian Asset Management LLC increased its stake in Victory Capital by 73.0% in the first quarter. Acadian Asset Management LLC now owns 416,120 shares of the company’s stock valued at $17,649,000 after purchasing an additional 175,576 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

About Victory Capital

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.