Victory Capital Holdings, Inc. (NASDAQ:VCTR) Stock Has Average Target Price of $118.67

Victory Capital Holdings, Inc. (NASDAQ:VCTR) has received an average rating of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $118.67.

VCTR has been the topic of several research reports. UBS Group set a $117.00 price target on shares of Victory Capital in a research report on Friday, August 28th. Morgan Stanley increased their price target on shares of Victory Capital from $115.00 to $119.00 and gave the company an “equal weight” rating in a report on Wednesday, October 28th. JPMorgan Chase & Co. raised their price objective on Victory Capital from $101.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, October 16th. Weiss Ratings raised Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Finally, The Goldman Sachs Group increased their price target on Victory Capital from $100.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 27th.

Hedge Funds Weigh In On Victory Capital

A number of large investors have recently made changes to their positions in VCTR. Dimensional Fund Advisors LP increased its holdings in Victory Capital by 14.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock valued at $114,163,000 after buying an additional 221,471 shares during the period. Granahan Investment Management LLC increased its holdings in shares of Victory Capital by 1.1% in the 1st quarter. Granahan Investment Management LLC now owns 1,087,315 shares of the company’s stock valued at $71,197,000 after acquiring an additional 12,113 shares during the period. Bank of America Corp DE lifted its stake in shares of Victory Capital by 12.4% during the 1st quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock worth $65,965,000 after purchasing an additional 111,063 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Victory Capital in the second quarter valued at about $42,035,000. Finally, Royal Bank of Canada raised its holdings in Victory Capital by 26.8% in the first quarter. Royal Bank of Canada now owns 182,050 shares of the company’s stock worth $11,920,000 after purchasing an additional 38,511 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Victory Capital Trading Up 1.3%

Shares of Victory Capital stock opened at $115.75 on Friday. Victory Capital has a twelve month low of $57.03 and a twelve month high of $123.55. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $110.89 and a 200-day moving average price of $89.59. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 0.53 and a beta of 1.12.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.42. The company had revenue of $435.36 million during the quarter, compared to analyst estimates of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. Equities research analysts anticipate that Victory Capital will post 7.78 EPS for the current fiscal year.

About Victory Capital

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.