Bank of America Has Lowered Expectations for Victory Capital (NASDAQ:VCTR) Stock Price

Victory Capital (NASDAQ:VCTR) had its price target decreased by equities research analysts at Bank of America from $89.00 to $87.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target would indicate a potential upside of 43.07% from the company’s previous close.

A number of other research analysts also recently commented on VCTR. B. Riley reaffirmed a “neutral” rating and issued a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. BMO Capital Markets boosted their target price on shares of Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Morgan Stanley increased their price target on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. boosted their price objective on shares of Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Finally, Barclays upped their target price on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Victory Capital presently has an average rating of “Hold” and an average price target of $71.44.

Victory Capital Stock Up 1.1 %

Shares of VCTR opened at $60.81 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a 12 month low of $41.58 and a 12 month high of $73.42. The firm’s 50 day moving average is $63.09 and its 200-day moving average is $62.80. The stock has a market capitalization of $3.87 billion, a PE ratio of 13.92, a P/E/G ratio of 0.55 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Equities research analysts forecast that Victory Capital will post 6.16 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Principal Securities Inc. grew its position in Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after acquiring an additional 157 shares during the last quarter. Bosun Asset Management LLC raised its holdings in Victory Capital by 1.4% in the 4th quarter. Bosun Asset Management LLC now owns 13,016 shares of the company’s stock valued at $852,000 after buying an additional 176 shares during the last quarter. FMR LLC boosted its position in Victory Capital by 18.1% during the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after buying an additional 206 shares during the period. Pictet Asset Management Holding SA grew its holdings in Victory Capital by 4.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company’s stock worth $366,000 after acquiring an additional 218 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in Victory Capital by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company’s stock worth $282,000 after acquiring an additional 273 shares during the last quarter. 87.71% of the stock is currently owned by 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.