Victory Capital (NASDAQ:VCTR) Price Target Raised to $55.00 at BMO Capital Markets

Victory Capital (NASDAQ:VCTR) had its target price lifted by investment analysts at BMO Capital Markets from $53.00 to $55.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 23.15% from the company’s current price.

VCTR has been the topic of several other reports. B. Riley reissued a “buy” rating and set a $48.00 price target (up from $40.00) on shares of Victory Capital in a research note on Friday, February 16th. Morgan Stanley lifted their price target on shares of Victory Capital from $28.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday, February 12th. UBS Group lifted their price target on shares of Victory Capital from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Finally, Royal Bank of Canada lifted their price target on shares of Victory Capital from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $42.14.

Victory Capital Price Performance

Victory Capital stock traded up $0.04 during mid-day trading on Wednesday, hitting $44.66. 877,637 shares of the company traded hands, compared to its average volume of 364,399. Victory Capital has a one year low of $27.73 and a one year high of $45.38. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.53 and a beta of 1.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a fifty day moving average price of $39.87 and a 200-day moving average price of $35.18.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Friday, February 9th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.02. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The business 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 business posted $1.03 earnings per share. Victory Capital’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities analysts predict that Victory Capital will post 5.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. West Tower Group LLC purchased a new position in Victory Capital during the 4th quarter valued at $27,000. Tower Research Capital LLC TRC increased its position in Victory Capital by 135.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 873 shares of the company’s stock valued at $28,000 after purchasing an additional 502 shares during the period. Citigroup Inc. increased its position in Victory Capital by 87.7% during the 4th quarter. Citigroup Inc. now owns 1,265 shares of the company’s stock valued at $34,000 after purchasing an additional 591 shares during the period. Blue Trust Inc. increased its position in Victory Capital by 93.5% during the 4th quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock valued at $41,000 after purchasing an additional 602 shares during the period. Finally, Bamco Inc. NY purchased a new position in Victory Capital during the 4th quarter valued at $49,000. 87.71% of the stock is owned by hedge funds and other 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.