Victory Capital (NASDAQ:VCTR) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Victory Capital (NASDAQ:VCTR) had its price target lifted by analysts at Morgan Stanley from $60.00 to $64.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential downside of 1.14% from the company’s previous close.

A number of other research firms also recently weighed in on VCTR. UBS Group boosted their price target on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Barclays assumed coverage on shares of Victory Capital in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $58.00 target price on the stock. The Goldman Sachs Group raised their price target on shares of Victory Capital from $59.50 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. BMO Capital Markets upped their price objective on Victory Capital from $61.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada raised their target price on Victory Capital from $55.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.44.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $64.74 on Monday. The firm has a market capitalization of $4.20 billion, a PE ratio of 16.10, a PEG ratio of 0.70 and a beta of 0.90. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. Victory Capital has a 1-year low of $30.60 and a 1-year high of $70.56. The business’s 50 day moving average is $57.57 and its 200-day moving average is $53.16.

Hedge Funds Weigh In On Victory Capital

A number of institutional investors and hedge funds have recently bought and sold shares of VCTR. Capital World Investors increased its stake in shares of Victory Capital by 85.8% in the first quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock valued at $94,278,000 after buying an additional 1,025,954 shares in the last quarter. Swedbank AB grew its holdings in Victory Capital by 7.1% during the 2nd quarter. Swedbank AB now owns 750,000 shares of the company’s stock worth $35,798,000 after acquiring an additional 50,000 shares during the last quarter. Sei Investments Co. increased its position in Victory Capital by 106.7% in the 1st quarter. Sei Investments Co. now owns 113,254 shares of the company’s stock valued at $4,805,000 after acquiring an additional 58,458 shares in the last quarter. Inspire Investing LLC bought a new position in shares of Victory Capital in the first quarter worth about $884,000. Finally, Acadian Asset Management LLC lifted its position in shares of Victory Capital by 73.0% during the first quarter. Acadian Asset Management LLC now owns 416,120 shares of the company’s stock worth $17,649,000 after purchasing an additional 175,576 shares in the last quarter. Institutional investors and hedge funds 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.