Morgan Stanley Issues Positive Forecast for Victory Capital (NASDAQ:VCTR) Stock Price

Key Points

• Morgan Stanley raised Victory Capital’s price target from $115 to $119 while maintaining an “equal weight” rating, implying 6.65% potential upside.
• Analyst sentiment remains generally neutral: Victory Capital has an average “Hold” rating and a consensus price target of $118.67, despite multiple firms recently increasing their targets.
• Victory Capital reported quarterly EPS of $2.21, exceeding the $1.79 consensus estimate, while revenue of $435.36 million also surpassed expectations. Institutional investors own approximately 87.71% of the company’s shares.

Victory Capital (NASDAQ:VCTR - Get Free Report) had its price objective upped by investment analysts at Morgan Stanley from $115.00 to $119.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's target price would suggest a potential upside of 6.65% from the company's current price.

VCTR has been the subject of several other reports. The Goldman Sachs Group lifted their price objective on Victory Capital from $100.00 to $117.00 and gave the stock a "neutral" rating in a report on Thursday, August 27th. Weiss Ratings upgraded shares of Victory Capital from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Thursday, October 8th. Barclays raised their price target on shares of Victory Capital from $112.00 to $121.00 and gave the company an "equal weight" rating in a report on Wednesday, October 14th. JPMorgan Chase & Co. lifted their price target on shares of Victory Capital from $101.00 to $120.00 and gave the stock a "neutral" rating in a research note on Friday, October 16th. Finally, Royal Bank Of Canada lifted their price target on shares of Victory Capital from $107.00 to $118.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Victory Capital currently has an average rating of "Hold" and an average price target of $118.67.

Victory Capital Stock Up 0.9%

NASDAQ VCTR traded up $0.95 during mid-day trading on Wednesday, reaching $111.58. The stock had a trading volume of 113,445 shares, compared to its average volume of 586,713. The stock has a market cap of $6.86 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 0.50 and a beta of 1.12. Victory Capital has a 1 year low of $57.03 and a 1 year high of $123.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a fifty day moving average price of $111.13 and a 200 day moving average price of $88.45.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.79 by $0.42. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. The business had revenue of $435.36 million for the quarter, compared to the consensus estimate of $386.09 million. On average, research analysts expect that Victory Capital will post 7.76 earnings per share for the current year.

Institutional Investors Weigh In On Victory Capital

A number of large investors have recently made changes to their positions in VCTR. RFG Advisory LLC purchased a new stake in Victory Capital in the second quarter worth about $1,197,000. Royal Bank of Canada lifted its position in shares of Victory Capital by 26.8% during the 1st quarter. Royal Bank of Canada now owns 182,050 shares of the company's stock valued at $11,920,000 after buying an additional 38,511 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Victory Capital by 203.5% during the 1st quarter. Janus Henderson Group PLC now owns 58,127 shares of the company's stock valued at $3,805,000 after buying an additional 38,977 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Victory Capital by 12.4% during the 1st quarter. Bank of America Corp DE now owns 1,007,405 shares of the company's stock valued at $65,965,000 after buying an additional 111,063 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Victory Capital during the 2nd quarter valued at approximately $4,710,000. 87.71% of the stock is currently owned by institutional investors.

About Victory Capital

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.

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