Victory Capital (NASDAQ:VCTR) Earns “Neutral” Rating from B. Riley

Victory Capital (NASDAQ:VCTR)‘s stock had its “neutral” rating reaffirmed by investment analysts at B. Riley in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a $60.00 price objective on the stock, up from their prior price objective of $57.00. B. Riley’s price target would suggest a potential downside of 5.26% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. Royal Bank of Canada upped their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Morgan Stanley increased their target price on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. The Goldman Sachs Group upped their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets boosted their price objective on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, UBS Group raised their price target on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $65.00.

Victory Capital Stock Performance

VCTR opened at $63.33 on Tuesday. Victory Capital has a 12-month low of $32.55 and a 12-month high of $73.42. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $4.12 billion, a PE ratio of 15.75, a P/E/G ratio of 0.59 and a beta of 0.90. The firm has a 50 day moving average of $65.68 and a two-hundred day moving average of $57.52.

Hedge Funds Weigh In On Victory Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VCTR. Contravisory Investment Management Inc. raised its stake in Victory Capital by 53.2% in the 3rd 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 position in shares of Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after buying an additional 452 shares during the period. USA Financial Formulas boosted its holdings in Victory Capital by 157.9% in the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after acquiring an additional 676 shares during the last quarter. Amalgamated Bank grew its position in Victory Capital by 50.7% during the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after acquiring an additional 479 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Victory Capital during the third quarter worth about $72,000. 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.