Victory Capital (NASDAQ:VCTR) Given New $75.00 Price Target at Barclays

Victory Capital (NASDAQ:VCTR) had its price target hoisted by equities researchers at Barclays from $70.00 to $75.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 6.26% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Morgan Stanley boosted their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. UBS Group boosted their price target on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. B. Riley reaffirmed a “neutral” rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. The Goldman Sachs Group lifted their price objective on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, BMO Capital Markets upped their target price on shares of Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $65.67.

Victory Capital Trading Up 7.5 %

NASDAQ VCTR opened at $70.58 on Monday. Victory Capital has a 12 month low of $34.49 and a 12 month high of $73.42. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock’s fifty day moving average price is $65.46 and its 200-day moving average price is $59.99. The stock has a market cap of $4.59 billion, a P/E ratio of 16.15, a P/E/G ratio of 0.55 and a beta of 0.89.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. As a group, equities analysts forecast that Victory Capital will post 6.06 EPS for the current fiscal year.

Institutional Trading of Victory Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. purchased a new position in shares of Victory Capital during the 4th quarter valued at $635,000. PFG Advisors bought a new stake in Victory Capital in the 4th quarter worth approximately $371,000. HighTower Advisors LLC raised its stake in Victory Capital by 6.0% during the fourth quarter. HighTower Advisors LLC now owns 9,915 shares of the company’s stock valued at $649,000 after purchasing an additional 564 shares in the last quarter. Moran Wealth Management LLC purchased a new position in Victory Capital in the fourth quarter worth about $3,189,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Victory Capital by 16.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,135 shares of the company’s stock valued at $925,000 after purchasing an additional 1,981 shares during the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

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.