BMO Capital Markets Boosts Victory Capital (NASDAQ:VCTR) Price Target to $69.00

Victory Capital (NASDAQ:VCTR) had its price objective boosted by stock analysts at BMO Capital Markets from $61.00 to $69.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 13.96% from the stock’s current price.

A number of other equities analysts also recently weighed in on VCTR. Royal Bank of Canada raised their target price on shares of Victory Capital from $55.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. Bank of America raised their price objective on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. boosted their target price on Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. The Goldman Sachs Group raised their price target on Victory Capital from $59.50 to $60.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, UBS Group dropped their price target on shares of Victory Capital from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $55.78.

Victory Capital Stock Performance

Victory Capital stock opened at $60.55 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 0.62 and a beta of 0.91. The stock’s 50 day simple moving average is $53.92 and its two-hundred day simple moving average is $50.93. Victory Capital has a fifty-two week low of $28.66 and a fifty-two week high of $60.85.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. The firm had revenue of $219.62 million for the quarter, compared to the consensus estimate of $220.82 million. As a group, analysts expect that Victory Capital will post 5.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Victory Capital

Several large investors have recently bought and sold shares of the business. Creative Planning purchased a new stake in shares of Victory Capital during the 3rd quarter valued at about $476,000. Redhawk Wealth Advisors Inc. lifted its position in Victory Capital by 9.2% during the third quarter. Redhawk Wealth Advisors Inc. now owns 23,915 shares of the company’s stock valued at $1,325,000 after purchasing an additional 2,015 shares during the period. MorganRosel Wealth Management LLC purchased a new stake in Victory Capital in the third quarter worth approximately $1,334,000. Annex Advisory Services LLC boosted its holdings in Victory Capital by 32.9% in the third quarter. Annex Advisory Services LLC now owns 24,806 shares of the company’s stock worth $1,374,000 after purchasing an additional 6,139 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new stake in Victory Capital in the 3rd quarter worth approximately $267,000. 87.71% of the stock is currently 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.