The Goldman Sachs Group Raises Victory Capital (NASDAQ:VCTR) Price Target to $68.00

Victory Capital (NASDAQ:VCTR) had its price target increased by The Goldman Sachs Group from $60.00 to $68.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 7.31% from the stock’s current price.

A number of other brokerages have also commented on VCTR. Barclays lifted their price target on Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a research note on Monday. BMO Capital Markets lifted their target price on shares of Victory Capital from $69.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday. Morgan Stanley upped their price target on shares of Victory Capital from $60.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday. Bank of America lifted their price target on shares of Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, UBS Group increased their price objective on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Victory Capital has a consensus rating of “Moderate Buy” and a consensus price target of $62.44.

Victory Capital Trading Down 2.1 %

NASDAQ VCTR opened at $63.37 on Tuesday. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 0.57 and a beta of 0.90. Victory Capital has a twelve month low of $31.18 and a twelve month high of $70.56. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The business’s fifty day moving average is $57.78 and its 200 day moving average is $53.23.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Capital World Investors grew its stake in Victory Capital by 85.8% during the first quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock worth $94,278,000 after purchasing an additional 1,025,954 shares during the period. Swedbank AB bought a new position in shares of Victory Capital during the 1st quarter worth approximately $29,701,000. Vanguard Group Inc. grew its position in shares of Victory Capital by 16.4% during the 1st quarter. Vanguard Group Inc. now owns 3,739,363 shares of the company’s stock worth $158,661,000 after buying an additional 527,190 shares during the period. Bahl & Gaynor Inc. increased its stake in shares of Victory Capital by 35.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,110,948 shares of the company’s stock valued at $47,138,000 after acquiring an additional 288,280 shares in the last quarter. Finally, F M Investments LLC bought a new stake in shares of Victory Capital in the 2nd quarter valued at $11,149,000. 87.71% of the stock is 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.