Victory Capital (NASDAQ:VCTR) Price Target Raised to $57.00

Victory Capital (NASDAQ:VCTR) had its price objective lifted by research analysts at B. Riley from $48.00 to $57.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s target price would suggest a potential upside of 21.10% from the company’s current price.

VCTR has been the subject of a number of other reports. Royal Bank of Canada upped their target price on shares of Victory Capital from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. BMO Capital Markets increased their price objective on shares of Victory Capital from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday. Morgan Stanley increased their price objective on shares of Victory Capital from $30.00 to $32.00 and gave the stock an “underweight” rating in a research note on Wednesday. Finally, UBS Group upped their target price on shares of Victory Capital from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.71.

Victory Capital Trading Up 2.5 %

VCTR stock traded up $1.17 during trading on Friday, hitting $47.07. The company had a trading volume of 444,891 shares, compared to its average volume of 372,650. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average price of $40.29 and a 200-day moving average price of $35.32. Victory Capital has a 12 month low of $27.73 and a 12 month high of $47.85. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 0.56 and a beta of 1.00.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Friday, February 9th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The business had revenue of $205.80 million during the quarter, compared to analysts’ expectations of $204.20 million. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, analysts predict that Victory Capital will post 5.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Victory Capital by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 3,212,173 shares of the company’s stock worth $110,627,000 after purchasing an additional 104,746 shares during the period. BlackRock Inc. lifted its stake in Victory Capital by 8.0% during the second quarter. BlackRock Inc. now owns 2,668,250 shares of the company’s stock worth $84,157,000 after purchasing an additional 196,857 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in Victory Capital by 19.2% during the third quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company’s stock worth $60,537,000 after purchasing an additional 292,225 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Victory Capital by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,489,403 shares of the company’s stock worth $51,297,000 after purchasing an additional 131,540 shares during the last quarter. Finally, LSV Asset Management lifted its stake in Victory Capital by 22.2% during the third quarter. LSV Asset Management now owns 1,380,922 shares of the company’s stock worth $46,040,000 after purchasing an additional 250,600 shares during the last quarter. 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.