BMO Capital Markets Increases Victory Capital (NASDAQ:VCTR) Price Target to $33.00

Victory Capital (NASDAQ:VCTRGet Rating) had its price objective upped by analysts at BMO Capital Markets from $30.00 to $33.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 12.63% from the stock’s previous close.

Several other research analysts also recently weighed in on VCTR. The Goldman Sachs Group dropped their price target on Victory Capital from $31.00 to $26.50 and set a “buy” rating for the company in a research note on Monday, October 3rd. Oppenheimer restated a “market perform” rating on shares of Victory Capital in a research note on Tuesday, August 9th. Piper Sandler lowered their target price on Victory Capital from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Friday, July 15th. Morgan Stanley lowered their target price on Victory Capital from $21.00 to $20.00 and set an “underweight” rating for the company in a research report on Monday, October 3rd. Finally, UBS Group lowered their target price on Victory Capital from $29.00 to $27.00 in a research report on Monday, July 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Victory Capital Trading Down 0.4 %

VCTR stock opened at $29.30 on Monday. Victory Capital has a 1-year low of $22.22 and a 1-year high of $42.47. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 2.61 and a beta of 1.20. The business has a 50 day simple moving average of $26.71 and a two-hundred day simple moving average of $26.66.

Institutional Trading of Victory Capital

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Victory Capital by 110.6% in the first quarter. Vanguard Group Inc. now owns 1,564,346 shares of the company’s stock worth $45,162,000 after buying an additional 821,522 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in Victory Capital by 13.8% in the second quarter. Van Berkom & Associates Inc. now owns 1,541,598 shares of the company’s stock worth $37,153,000 after purchasing an additional 186,831 shares during the period. TimesSquare Capital Management LLC increased its stake in Victory Capital by 2.7% in the second quarter. TimesSquare Capital Management LLC now owns 1,416,499 shares of the company’s stock worth $34,138,000 after purchasing an additional 36,740 shares during the period. Strs Ohio increased its stake in Victory Capital by 26,545.0% in the third quarter. Strs Ohio now owns 1,012,511 shares of the company’s stock worth $23,601,000 after purchasing an additional 1,008,711 shares during the period. Finally, Bank of America Corp DE increased its stake in Victory Capital by 4.9% in the first quarter. Bank of America Corp DE now owns 810,294 shares of the company’s stock worth $23,393,000 after purchasing an additional 37,750 shares during the period. 90.16% of the stock is currently owned by institutional investors.

Victory Capital Company Profile

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Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company worldwide. It offers investment advisory, fund administration, fund compliance, fund transfer agent, and fund distribution services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.

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Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

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