BMO Capital Markets Raises Victory Capital (NASDAQ:VCTR) Price Target to $71.00

Victory Capital (NASDAQ:VCTR) had its price target upped by research analysts at BMO Capital Markets from $69.00 to $71.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 9.67% from the company’s previous close.

VCTR has been the subject of a number of other reports. Royal Bank of Canada increased their price objective on Victory Capital from $55.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. Bank of America raised their price target on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a report on Monday, August 12th. UBS Group upped their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Barclays began coverage on shares of Victory Capital in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $58.00 target price on the stock. Finally, Morgan Stanley upped 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 note on Monday. 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.44.

Victory Capital Stock Down 7.8 %

Victory Capital stock opened at $64.74 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 0.91. Victory Capital has a one year low of $30.60 and a one year high of $70.56. The company has a 50-day simple moving average of $57.57 and a 200-day simple moving average of $53.16. The firm has a market capitalization of $4.20 billion, a P/E ratio of 16.10, a P/E/G ratio of 0.70 and a beta of 0.90.

Institutional Trading of Victory Capital

Large investors have recently added to or reduced their stakes in the business. Capital World Investors increased its holdings in shares of Victory Capital by 85.8% in the first quarter. Capital World Investors now owns 2,221,954 shares of the company’s stock valued at $94,278,000 after buying an additional 1,025,954 shares in the last quarter. Swedbank AB grew its holdings in shares of Victory Capital by 7.1% in the 2nd quarter. Swedbank AB now owns 750,000 shares of the company’s stock worth $35,798,000 after acquiring an additional 50,000 shares during the last quarter. Sei Investments Co. raised its position in shares of 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 purchasing an additional 58,458 shares during the period. Inspire Investing LLC purchased a new stake in shares of Victory Capital during the first quarter valued at $884,000. Finally, Acadian Asset Management LLC boosted its position in shares of Victory Capital by 73.0% in the 1st quarter. Acadian Asset Management LLC now owns 416,120 shares of the company’s stock valued at $17,649,000 after purchasing an additional 175,576 shares during the period. 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.