Morgan Stanley Boosts Victory Capital (NASDAQ:VCTR) Price Target to $32.00

Victory Capital (NASDAQ:VCTR - Get Free Report) had its target price upped by Morgan Stanley from $30.00 to $32.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an "underweight" rating on the stock. Morgan Stanley's target price suggests a potential downside of 30.28% from the company's previous close.

Other equities research analysts have also recently issued reports about the company. B. Riley restated a "buy" rating and set a $48.00 target price (up from $40.00) on shares of Victory Capital in a research note on Friday, February 16th. UBS Group upped their target price on Victory Capital from $33.00 to $36.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 10th. BMO Capital Markets upped their target price on Victory Capital from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Royal Bank of Canada increased their price target on Victory Capital from $40.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $42.43.

Victory Capital Price Performance

NASDAQ:VCTR traded up $1.24 during trading hours on Wednesday, reaching $45.90. 764,503 shares of the company were exchanged, compared to its average volume of 371,969. The company has a market capitalization of $2.95 billion, a P/E ratio of 14.66, a P/E/G ratio of 0.56 and a beta of 1.00. Victory Capital has a 1-year low of $27.73 and a 1-year high of $45.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.66. The business has a 50 day moving average of $40.29 and a 200 day moving average of $35.32.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its earnings results on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The firm had revenue of $205.80 million during the quarter, compared to analysts' expectations of $204.20 million. During the same period in the prior year, the company earned $1.03 earnings per share. The company's quarterly revenue was down 1.9% on a year-over-year basis. Research analysts forecast that Victory Capital will post 5.02 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in Victory Capital by 27.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 273,348 shares of the company's stock worth $9,113,000 after purchasing an additional 59,503 shares during the last quarter. Brandywine Global Investment Management LLC raised its position in Victory Capital by 12.1% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 199,926 shares of the company's stock worth $6,666,000 after purchasing an additional 21,612 shares during the last quarter. Fiera Capital Corp bought a new position in Victory Capital during the 3rd quarter worth $2,409,000. Bank of New York Mellon Corp raised its position in Victory Capital by 4.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 545,269 shares of the company's stock worth $18,179,000 after purchasing an additional 22,192 shares during the last quarter. Finally, Windmill Hill Asset Management Ltd raised its position in Victory Capital by 54.0% during the 4th quarter. Windmill Hill Asset Management Ltd now owns 33,043 shares of the company's stock worth $1,138,000 after purchasing an additional 11,592 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

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.