BMO Capital Markets Raises Victory Capital (NASDAQ:VCTR) Price Target to $78.00

Victory Capital (NASDAQ:VCTR) had its price target lifted by investment analysts at BMO Capital Markets from $71.00 to $78.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 19.16% from the stock’s current price.

Several other equities analysts have also recently weighed in on VCTR. Royal Bank of Canada raised their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. UBS Group lifted their target price on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley increased their price target on Victory Capital from $60.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. 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 research note on Tuesday, November 12th. Finally, Barclays increased their target price on Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Victory Capital currently has a consensus rating of “Moderate Buy” and an average target price of $64.67.

Victory Capital Trading Up 4.6 %

Shares of VCTR opened at $65.46 on Thursday. The firm has a market cap of $4.26 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 0.59 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital has a 1 year low of $32.55 and a 1 year high of $73.42. The company has a 50 day simple moving average of $64.19 and a two-hundred day simple moving average of $55.90.

Institutional Investors Weigh In On Victory Capital

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in Victory Capital by 1.5% in the third quarter. Principal Financial Group Inc. now owns 47,626 shares of the company’s stock worth $2,638,000 after purchasing an additional 722 shares during the period. Franklin Resources Inc. grew its holdings in shares of Victory Capital by 113.2% in the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock worth $115,990,000 after purchasing an additional 1,051,459 shares during the last quarter. World Investment Advisors LLC purchased a new position in Victory Capital in the 3rd quarter worth about $918,000. Sanctuary Advisors LLC bought a new stake in Victory Capital during the 3rd quarter valued at about $648,000. Finally, McIlrath & Eck LLC purchased a new stake in Victory Capital in the 3rd quarter valued at about $565,000. 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.