Morgan Stanley Forecasts Strong Price Appreciation for Victory Capital (NASDAQ:VCTR) Stock

Victory Capital (NASDAQ:VCTR) had its target price raised by investment analysts at Morgan Stanley from $64.00 to $66.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 0.82% from the company’s previous close.

VCTR has been the subject of several other research reports. UBS Group increased their price target on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. BMO Capital Markets increased their target price on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank of Canada lifted their target price on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Barclays upped their price target 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. Finally, The Goldman Sachs Group lifted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.67.

Victory Capital Stock Performance

VCTR opened at $65.46 on Friday. The company has a 50 day simple moving average of $64.33 and a two-hundred day simple moving average of $56.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $4.26 billion, a P/E ratio of 16.28, a PEG ratio of 0.59 and a beta of 0.89. Victory Capital has a 1-year low of $32.55 and a 1-year high of $73.42.

Hedge Funds Weigh In On Victory Capital

Several institutional investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. increased its holdings in shares of Victory Capital by 53.2% in the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after buying an additional 199 shares during the last quarter. Farther Finance Advisors LLC grew its position in Victory Capital by 367.5% in the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after acquiring an additional 452 shares in the last quarter. USA Financial Formulas increased its stake in Victory Capital by 157.9% during the third 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. Quantbot Technologies LP purchased a new stake in Victory Capital during the third quarter valued at approximately $72,000. Finally, FMR LLC lifted its stake in shares of Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after purchasing an additional 206 shares during the last quarter. Institutional investors 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.