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

Victory Capital (NASDAQ:VCTR) had its price objective lifted by investment analysts at BMO Capital Markets from $69.00 to $71.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 9.67% from the company’s current price.

Several other equities analysts have also weighed in on VCTR. Barclays started coverage on shares of Victory Capital in a report on Tuesday, August 27th. They set an “equal weight” rating and a $58.00 target price on the stock. Royal Bank of Canada increased their target price on 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 boosted their price target on Victory Capital from $59.50 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on shares of Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, Bank of America raised their price target on shares of Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.44.

Victory Capital Trading Down 7.8 %

Shares of VCTR stock opened at $64.74 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.87. Victory Capital has a fifty-two week low of $30.60 and a fifty-two week high of $70.56. The firm’s 50 day moving average price is $57.57 and its two-hundred day moving average price is $53.16. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 0.70 and a beta of 0.90.

Institutional Trading of Victory Capital

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC increased its holdings in shares of Victory Capital by 486.2% in the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after acquiring an additional 564 shares during the last quarter. Contravisory Investment Management Inc. increased its stake in Victory Capital by 53.2% during the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after purchasing an additional 199 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 452 shares during the period. USA Financial Formulas boosted its holdings 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 valued at $61,000 after buying an additional 676 shares during the period. Finally, Amalgamated Bank grew its position in shares of Victory Capital by 50.7% during the 2nd 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 last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

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.