Victory Capital (NASDAQ:VCTR) Price Target Raised to $81.00

Victory Capital (NASDAQ:VCTR) had its price target lifted by stock analysts at JPMorgan Chase & Co. from $72.00 to $81.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 4.73% from the company’s previous close.

Several other equities analysts also recently issued reports on the company. Barclays boosted their price objective on Victory Capital from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday. Wall Street Zen downgraded Victory Capital from a “buy” rating to a “hold” rating in a research report on Monday, April 6th. Royal Bank Of Canada increased their price objective on Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. Morgan Stanley set a $76.00 target price on Victory Capital in a report on Friday, May 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a report on Monday, April 20th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Victory Capital has an average rating of “Moderate Buy” and a consensus target price of $81.14.

Victory Capital Stock Up 1.6%

NASDAQ:VCTR traded up $1.33 during mid-day trading on Friday, hitting $85.02. The company had a trading volume of 244,887 shares, compared to its average volume of 595,348. Victory Capital has a 1 year low of $57.03 and a 1 year high of $88.42. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.19 and a beta of 1.09. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $70.35 and a 200-day simple moving average of $67.65.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. The business had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. Victory Capital had a return on equity of 21.99% and a net margin of 25.79%.The company’s revenue for the quarter was up 76.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.36 earnings per share. Equities analysts forecast that Victory Capital will post 6.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Planned Solutions Inc. increased its holdings in shares of Victory Capital by 4.6% during the fourth quarter. Planned Solutions Inc. now owns 3,546 shares of the company’s stock worth $224,000 after buying an additional 155 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Victory Capital by 1.6% during the 2nd quarter. Baird Financial Group Inc. now owns 10,332 shares of the company’s stock worth $658,000 after acquiring an additional 163 shares during the period. American Century Companies Inc. boosted its position in shares of Victory Capital by 1.9% during the second quarter. American Century Companies Inc. now owns 11,892 shares of the company’s stock worth $757,000 after purchasing an additional 217 shares in the last quarter. CWM LLC boosted its position in shares of Victory Capital by 29.0% during the third quarter. CWM LLC now owns 973 shares of the company’s stock worth $63,000 after purchasing an additional 219 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Victory Capital by 2.6% during the fourth quarter. ProShare Advisors LLC now owns 8,654 shares of the company’s stock worth $546,000 after purchasing an additional 222 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.