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

Victory Capital (NASDAQ:VCTR) had its price target upped by stock analysts at Morgan Stanley from $64.00 to $66.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 0.93% from the stock’s previous close.

VCTR has been the topic of several other research reports. BMO Capital Markets increased their target price on Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday. UBS Group increased their price target on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their price objective on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. The Goldman Sachs Group raised their target price 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. Finally, Barclays upped their price target on Victory Capital from $59.00 to $69.00 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 stock. Based on data from MarketBeat.com, Victory Capital has a consensus rating of “Moderate Buy” and a consensus price target of $64.67.

Victory Capital Trading Up 4.5 %

Shares of NASDAQ:VCTR traded up $2.80 on Friday, hitting $65.39. 271,050 shares of the company’s stock were exchanged, compared to its average volume of 393,027. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The business’s 50 day simple moving average is $64.08 and its two-hundred day simple moving average is $55.85. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 0.59 and a beta of 0.89. Victory Capital has a 12 month low of $32.55 and a 12 month high of $73.42.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new stake in shares of Victory Capital in the 3rd quarter valued at approximately $918,000. Bank of Montreal Can raised its holdings in Victory Capital by 282.0% during the third quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock worth $2,412,000 after purchasing an additional 32,079 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in Victory Capital in the third quarter valued at $565,000. Royce & Associates LP purchased a new stake in shares of Victory Capital in the 3rd quarter worth about $7,755,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Victory Capital in the third quarter valued at approximately $2,288,000. 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.