Free Trial

Barclays Forecasts Strong Price Appreciation for Victory Capital (NASDAQ:VCTR) Stock

Victory Capital logo with Finance background

Victory Capital (NASDAQ:VCTR - Get Free Report) had its target price raised by equities research analysts at Barclays from $62.00 to $68.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's target price points to a potential downside of 1.28% from the company's current price.

Several other research analysts also recently weighed in on VCTR. Wall Street Zen downgraded shares of Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group cut their target price on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. cut their target price on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Royal Bank Of Canada boosted their target price on shares of Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Finally, B. Riley boosted their target price on shares of Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Victory Capital has an average rating of "Moderate Buy" and a consensus price target of $72.22.

Get Our Latest Report on VCTR

Victory Capital Stock Performance

NASDAQ:VCTR traded down $2.09 during midday trading on Wednesday, reaching $68.88. The stock had a trading volume of 1,255,295 shares, compared to its average volume of 382,171. The stock has a market cap of $4.63 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.76 and a beta of 1.03. Victory Capital has a 12-month low of $43.82 and a 12-month high of $73.42. The firm has a fifty day simple moving average of $63.67 and a two-hundred day simple moving average of $62.11. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.02). The company had revenue of $219.60 million for the quarter, compared to analysts' expectations of $226.38 million. Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. Victory Capital's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 earnings per share. On average, equities analysts expect that Victory Capital will post 6.16 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Victory Capital by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company's stock worth $236,994,000 after purchasing an additional 129,055 shares in the last quarter. Capital World Investors increased its position in Victory Capital by 0.4% during the 4th quarter. Capital World Investors now owns 3,231,009 shares of the company's stock worth $211,502,000 after purchasing an additional 11,654 shares in the last quarter. Franklin Resources Inc. increased its position in Victory Capital by 1.6% during the 4th quarter. Franklin Resources Inc. now owns 2,011,963 shares of the company's stock worth $131,703,000 after purchasing an additional 31,944 shares in the last quarter. Bahl & Gaynor Inc. increased its position in Victory Capital by 17.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,825,998 shares of the company's stock worth $105,671,000 after purchasing an additional 268,573 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Victory Capital by 46.8% in the 4th quarter. Bank of America Corp DE now owns 1,438,413 shares of the company's stock worth $94,159,000 after acquiring an additional 458,534 shares during the period. Institutional investors and hedge funds own 87.71% of the company's stock.

About Victory Capital

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

Should You Invest $1,000 in Victory Capital Right Now?

Before you consider Victory Capital, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Victory Capital wasn't on the list.

While Victory Capital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

September Slowdown: 3 Stocks to Buy When the Pullback Comes
3 Overlooked Stocks Riding the AI Data Center Boom
3 Growth Stock Winners to Watch And 3 to Avoid

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines