Victory Capital (NASDAQ:VCTR - Get Free Report) had its price objective upped by Barclays from $59.00 to $62.00 in a report released on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price objective would suggest a potential downside of 1.15% from the stock's current price.
Several other research firms have also issued reports on VCTR. BMO Capital Markets increased their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Bank of America lowered their price target on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. UBS Group cut their price objective on Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. decreased their target price on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Victory Capital currently has a consensus rating of "Hold" and an average price target of $69.67.
Check Out Our Latest Research Report on VCTR
Victory Capital Stock Performance
VCTR stock traded up $3.58 during trading on Monday, hitting $62.72. 324,818 shares of the company traded hands, compared to its average volume of 355,423. Victory Capital has a 1 year low of $43.82 and a 1 year high of $73.42. The company has a market cap of $3.99 billion, a PE ratio of 14.35, a P/E/G ratio of 0.55 and a beta of 1.05. The stock's 50-day simple moving average is $57.57 and its 200 day simple moving average is $62.69. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19.
Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.02). Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. The firm had revenue of $219.60 million for the quarter, compared to analysts' expectations of $226.38 million. During the same period last year, the firm earned $1.25 earnings per share. Victory Capital's revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts expect that Victory Capital will post 6.16 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd grew its holdings in shares of Victory Capital by 3,207.1% during the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after buying an additional 449 shares in the last quarter. Versant Capital Management Inc purchased a new position in Victory Capital in the 1st quarter worth approximately $34,000. Principal Securities Inc. lifted its stake in Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after purchasing an additional 157 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Victory Capital during the 1st quarter worth approximately $37,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Victory Capital during the 4th quarter worth approximately $43,000. 87.71% of the stock is owned by institutional investors and hedge funds.
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.
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