BMO Capital Markets Forecasts Strong Price Appreciation for Victory Capital (NASDAQ:VCTR) Stock

Victory Capital (NASDAQ:VCTR) had its target price hoisted by equities researchers at BMO Capital Markets from $71.00 to $78.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 19.16% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Barclays upped their target price on Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. UBS Group raised their target price on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their price target on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada increased their price target on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, Morgan Stanley lifted their price objective on shares of Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Victory Capital has a consensus rating of “Moderate Buy” and a consensus target price of $64.67.

Victory Capital Stock Up 4.6 %

Shares of NASDAQ:VCTR opened at $65.46 on Thursday. The firm has a fifty day moving average price of $64.19 and a two-hundred day moving average price of $55.90. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 0.59 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital has a one year low of $32.55 and a one year high of $73.42.

Institutional Trading of Victory Capital

Several large investors have recently modified their holdings of VCTR. World Investment Advisors LLC purchased a new stake in Victory Capital in the 3rd quarter worth approximately $918,000. Bank of Montreal Can boosted its holdings in Victory Capital by 282.0% in the third quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock valued at $2,412,000 after acquiring an additional 32,079 shares in the last quarter. McIlrath & Eck LLC bought a new stake in shares of Victory Capital during the 3rd quarter valued at about $565,000. Royce & Associates LP purchased a new position in shares of Victory Capital during the 3rd quarter worth approximately $7,755,000. Finally, Kingsview Wealth Management LLC bought a new position in Victory Capital in the third quarter worth $2,288,000. 87.71% of the stock is owned by institutional investors.

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.