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

Victory Capital (NASDAQ:VCTR) had its price objective hoisted by stock analysts at Barclays from $69.00 to $70.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 5.77% from the company’s current price.

Several other brokerages have also recently commented on VCTR. UBS Group increased their target price 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. BMO Capital Markets increased their price objective on shares of Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. B. Riley reaffirmed a “neutral” rating and issued a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. The Goldman Sachs Group increased their price target on Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley upped their price objective on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Victory Capital currently has an average rating of “Hold” and a consensus price target of $65.11.

Victory Capital Trading Up 0.9 %

VCTR opened at $66.18 on Friday. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 0.45 and a beta of 0.90. The business’s 50 day moving average is $65.88 and its two-hundred day moving average is $58.27. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a 52 week low of $33.39 and a 52 week high of $73.42.

Institutional Trading of Victory Capital

Several hedge funds and other institutional investors have recently modified their holdings of VCTR. Victory Capital Management Inc. lifted its position in Victory Capital by 166.6% during the second quarter. Victory Capital Management Inc. now owns 28,453 shares of the company’s stock worth $1,358,000 after acquiring an additional 17,781 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Victory Capital by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 92,163 shares of the company’s stock worth $4,399,000 after purchasing an additional 1,132 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Victory Capital by 7.5% in the 2nd quarter. Renaissance Technologies LLC now owns 97,900 shares of the company’s stock valued at $4,673,000 after purchasing an additional 6,800 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in Victory Capital by 10.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,800 shares of the company’s stock valued at $420,000 after buying an additional 832 shares in the last quarter. Finally, Amalgamated Bank increased its position in Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after buying an additional 479 shares during the period. Institutional investors own 87.71% of the company’s stock.

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.