Morgan Stanley Boosts Victory Capital (NASDAQ:VCTR) Price Target to $40.00

Victory Capital (NASDAQ:VCTR) had its target price hoisted by investment analysts at Morgan Stanley from $39.00 to $40.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s target price points to a potential downside of 16.09% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. UBS Group dropped their price objective on shares of Victory Capital from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. JPMorgan Chase & Co. raised their price target on Victory Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $57.00 price objective (up previously from $55.00) on shares of Victory Capital in a report on Monday, May 13th. Bank of America raised their price target on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a report on Monday. Finally, B. Riley raised their target price on Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $51.86.

Victory Capital Stock Performance

Shares of VCTR stock opened at $47.67 on Tuesday. The firm has a market capitalization of $3.08 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 0.57 and a beta of 0.93. The firm has a fifty day simple moving average of $49.46 and a two-hundred day simple moving average of $45.65. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.92. Victory Capital has a 12 month low of $28.66 and a 12 month high of $54.94.

Institutional Trading of Victory Capital

A number of institutional investors have recently made changes to their positions in the company. CWM LLC boosted its position in shares of Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after acquiring an additional 564 shares in the last quarter. Amalgamated Bank grew its holdings in Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after buying an additional 479 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of Victory Capital by 200.0% during the second quarter. nVerses Capital LLC now owns 2,700 shares of the company’s stock worth $129,000 after purchasing an additional 1,800 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Victory Capital in the 2nd quarter worth $156,000. Finally, Rothschild Investment LLC purchased a new position in Victory Capital in the second quarter valued at about $202,000. 87.71% of the stock is owned by institutional investors and hedge funds.

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.