Victory Capital (NASDAQ:VCTR) Price Target Raised to $72.00

Victory Capital (NASDAQ:VCTR) had its price target upped by equities research analysts at Royal Bank of Canada from $61.00 to $72.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 13.62% from the company’s current price.

VCTR has been the topic of several other research reports. Bank of America upped their price objective on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Barclays increased their price objective on shares of Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Monday. The Goldman Sachs Group increased their price target on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Finally, BMO Capital Markets increased their target price on Victory Capital from $69.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.67.

Victory Capital Price Performance

VCTR remained flat at $63.37 on Thursday. The company had a trading volume of 267,999 shares, compared to its average volume of 379,158. Victory Capital has a 1 year low of $31.18 and a 1 year high of $70.56. The firm has a 50-day moving average of $57.78 and a 200 day moving average of $53.23. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.19. The firm has a market cap of $4.11 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 0.57 and a beta of 0.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Contravisory Investment Management Inc. increased its position in shares of Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after acquiring an additional 199 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 452 shares during the last quarter. CWM LLC lifted its holdings in shares of Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after buying an additional 564 shares during the last quarter. USA Financial Formulas increased its holdings in Victory Capital by 157.9% in the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after buying an additional 676 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Victory Capital in the third quarter valued at approximately $72,000. 87.71% of the stock is currently owned by institutional investors.

About Victory Capital

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.