Victory Capital's (VCTR) Outperform Rating Reiterated at BMO Capital Markets

Victory Capital (NASDAQ:VCTR - Get Free Report)'s stock had its "outperform" rating reaffirmed by BMO Capital Markets in a report released on Monday, Benzinga reports. They presently have a $57.00 price objective on the stock, up from their prior price objective of $55.00. BMO Capital Markets' price objective suggests a potential upside of 12.09% from the stock's previous close.

A number of other research firms also recently issued reports on VCTR. JPMorgan Chase & Co. lifted their price objective on shares of Victory Capital from $43.00 to $45.00 and gave the stock a "neutral" rating in a report on Monday. UBS Group upped their price objective on shares of Victory Capital from $37.00 to $48.00 and gave the stock a "neutral" rating in a research report on Monday, April 22nd. Morgan Stanley lifted their target price on shares of Victory Capital from $30.00 to $32.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 17th. Royal Bank of Canada upped their target price on Victory Capital from $40.00 to $43.00 and gave the company an "outperform" rating in a report on Tuesday, February 13th. Finally, B. Riley lifted their price target on Victory Capital from $48.00 to $57.00 and gave the stock a "buy" rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $46.71.

Victory Capital Stock Up 4.4 %

Shares of Victory Capital stock traded up $2.16 during trading hours on Monday, reaching $50.85. The company's stock had a trading volume of 757,140 shares, compared to its average volume of 412,880. The company has a market capitalization of $3.27 billion, a P/E ratio of 15.60, a P/E/G ratio of 0.43 and a beta of 0.92. The stock's fifty day simple moving average is $44.65 and its two-hundred day simple moving average is $37.63. Victory Capital has a one year low of $28.66 and a one year high of $52.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 0.66.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.02. Victory Capital had a return on equity of 29.36% and a net margin of 26.28%. The firm had revenue of $205.80 million during the quarter, compared to analyst estimates of $204.20 million. During the same period in the previous year, the company posted $1.03 EPS. The company's revenue for the quarter was down 1.9% on a year-over-year basis. On average, research analysts forecast that Victory Capital will post 5.14 earnings per share for the current year.

Institutional Investors Weigh In On Victory Capital

Large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its holdings in Victory Capital by 1.3% during the 4th quarter. Federated Hermes Inc. now owns 28,896 shares of the company's stock valued at $995,000 after acquiring an additional 383 shares during the period. Olympiad Research LP boosted its stake in Victory Capital by 6.0% in the 3rd quarter. Olympiad Research LP now owns 6,910 shares of the company's stock worth $230,000 after purchasing an additional 394 shares during the period. Amalgamated Bank grew its holdings in Victory Capital by 13.5% during the 3rd quarter. Amalgamated Bank now owns 4,063 shares of the company's stock valued at $135,000 after buying an additional 482 shares in the last quarter. Blue Trust Inc. increased its position in shares of Victory Capital by 93.5% during the fourth quarter. Blue Trust Inc. now owns 1,246 shares of the company's stock valued at $41,000 after buying an additional 602 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in shares of Victory Capital by 10.0% in the first quarter. QRG Capital Management Inc. now owns 9,202 shares of the company's stock worth $390,000 after buying an additional 839 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

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.