Victory Capital (NASDAQ:VCTR) PT Raised to $59.00 at Bank of America

Victory Capital (NASDAQ:VCTR) had its target price raised by analysts at Bank of America from $58.00 to $59.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price target suggests a potential upside of 23.69% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Victory Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Royal Bank of Canada increased their price objective on shares of Victory Capital from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. B. Riley increased their price objective on shares of Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. UBS Group cut their target price on shares of Victory Capital from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, BMO Capital Markets restated an “outperform” rating and set a $57.00 price objective (up from $55.00) on shares of Victory Capital in a research report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $51.71.

Victory Capital Price Performance

Shares of VCTR traded down $1.30 on Monday, hitting $47.70. The company’s stock had a trading volume of 135,913 shares, compared to its average volume of 408,679. The company has a market capitalization of $3.09 billion, a PE ratio of 14.60, a PEG ratio of 0.57 and a beta of 0.93. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.71 and a quick ratio of 0.71. Victory Capital has a fifty-two week low of $28.66 and a fifty-two week high of $54.94. The company has a 50 day moving average price of $49.54 and a 200 day moving average price of $45.56.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, May 9th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. The firm had revenue of $215.86 million for the quarter, compared to the consensus estimate of $219.14 million. Victory Capital had a return on equity of 30.12% and a net margin of 27.87%. On average, research analysts anticipate that Victory Capital will post 5.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Victory Capital

Several institutional investors have recently made changes to their positions in the stock. CWM LLC raised its holdings in shares of Victory Capital by 486.2% in the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after acquiring an additional 564 shares during the last quarter. Amalgamated Bank increased its stake in Victory Capital by 50.7% in the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after buying an additional 479 shares during the last quarter. nVerses Capital LLC increased its stake in Victory Capital by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the company’s stock valued at $129,000 after buying an additional 1,800 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in Victory Capital in the 2nd quarter valued at about $156,000. Finally, Rothschild Investment LLC purchased a new stake in Victory Capital in the 2nd quarter valued at about $202,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

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.