Royal Bank of Canada Forecasts Strong Price Appreciation for Victory Capital (NASDAQ:VCTR) Stock

Victory Capital (NASDAQ:VCTR) had its price objective increased by equities researchers at Royal Bank of Canada from $61.00 to $72.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 13.92% from the stock’s previous close.

VCTR has been the topic of a number of other research reports. BMO Capital Markets increased their price objective on shares of Victory Capital from $69.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. UBS Group increased their price objective on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Bank of America upped their target price on shares of Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Morgan Stanley lifted their price target on shares of Victory Capital from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, November 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 a consensus target price of $63.67.

Victory Capital Price Performance

Shares of VCTR stock opened at $63.20 on Thursday. Victory Capital has a 52 week low of $31.18 and a 52 week high of $70.56. The stock has a market capitalization of $4.10 billion, a PE ratio of 15.72, a PEG ratio of 0.56 and a beta of 0.90. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.19. The stock’s fifty day moving average is $58.25 and its 200-day moving average is $53.38.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new position in shares of Victory Capital during the first quarter worth $231,000. Sei Investments Co. lifted its holdings in Victory Capital by 106.7% during the first quarter. Sei Investments Co. now owns 113,254 shares of the company’s stock worth $4,805,000 after acquiring an additional 58,458 shares in the last quarter. QRG Capital Management Inc. grew its stake in Victory Capital by 10.0% in the first quarter. QRG Capital Management Inc. now owns 9,202 shares of the company’s stock valued at $390,000 after acquiring an additional 839 shares during the period. Russell Investments Group Ltd. acquired a new position in Victory Capital in the first quarter valued at about $1,431,000. Finally, US Bancorp DE raised its position in shares of Victory Capital by 7.8% during the first quarter. US Bancorp DE now owns 14,694 shares of the company’s stock worth $623,000 after purchasing an additional 1,064 shares during the period. 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.