JPMorgan Chase & Co. Has Lowered Expectations for Victory Capital (NASDAQ:VCTR) Stock Price

Victory Capital (NASDAQ:VCTR - Get Free Report) had its target price dropped by analysts at JPMorgan Chase & Co. from $69.00 to $62.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 4.04% from the stock's current price.

Other analysts also recently issued research reports about the stock. Bank of America dropped their price target on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Barclays cut their target price on Victory Capital from $75.00 to $59.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. BMO Capital Markets lifted their price target on Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Finally, B. Riley reiterated a "neutral" rating and issued a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $69.33.

Victory Capital Stock Performance

Shares of VCTR traded up $2.18 during mid-day trading on Tuesday, hitting $59.59. 276,943 shares of the company's stock were exchanged, compared to its average volume of 359,996. The firm has a market capitalization of $3.79 billion, a P/E ratio of 13.64, a P/E/G ratio of 0.55 and a beta of 1.05. Victory Capital has a fifty-two week low of $43.82 and a fifty-two week high of $73.42. The business's 50 day moving average is $57.90 and its two-hundred day moving average is $62.70. 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 (NASDAQ:VCTR - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts expect that Victory Capital will post 6.16 earnings per share for the current year.

Institutional Investors Weigh In On Victory Capital

A number of large investors have recently added to or reduced their stakes in VCTR. Principal Securities Inc. lifted its holdings in shares of Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after purchasing an additional 157 shares in the last quarter. Bosun Asset Management LLC raised its position in shares of Victory Capital by 1.4% during the 4th quarter. Bosun Asset Management LLC now owns 13,016 shares of the company's stock worth $852,000 after purchasing an additional 176 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in Victory Capital by 4.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company's stock valued at $366,000 after buying an additional 218 shares in the last quarter. 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 valued at $282,000 after buying an additional 273 shares during the last quarter. Finally, Moody National Bank Trust Division increased its position in Victory Capital by 0.4% during the first quarter. Moody National Bank Trust Division now owns 81,175 shares of the company's stock worth $4,698,000 after buying an additional 291 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

About Victory Capital

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.