Victory Capital (NASDAQ:VCTR) PT Raised to $48.00 at UBS Group

Victory Capital (NASDAQ:VCTR) had its target price upped by investment analysts at UBS Group from $37.00 to $48.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential downside of 5.21% from the stock’s previous close.

Several other equities research analysts also recently commented on VCTR. Royal Bank of Canada lifted their price objective on Victory Capital from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Morgan Stanley raised their target price on Victory Capital from $30.00 to $32.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 17th. B. Riley raised their target price on Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, BMO Capital Markets raised their target price on Victory Capital from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Victory Capital has a consensus rating of “Hold” and an average price target of $45.43.

Victory Capital Price Performance

NASDAQ VCTR opened at $50.64 on Monday. Victory Capital has a one year low of $27.73 and a one year high of $50.89. The stock has a 50-day moving average of $40.74 and a 200 day moving average of $35.58. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 0.42 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.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Friday, February 9th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.11 by $0.02. Victory Capital had a return on equity of 28.70% and a net margin of 25.96%. The company had revenue of $205.80 million during the quarter, compared to the consensus estimate of $204.20 million. During the same period last year, the company earned $1.03 EPS. Victory Capital’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, sell-side analysts forecast that Victory Capital will post 5.13 EPS for the current year.

Hedge Funds Weigh In On Victory Capital

A number of hedge funds have recently made changes to their positions in VCTR. Blue Trust Inc. boosted its stake in Victory Capital by 93.5% during the fourth quarter. Blue Trust Inc. now owns 1,246 shares of the company’s stock valued at $41,000 after buying an additional 602 shares during the last quarter. New York State Teachers Retirement System raised its position in Victory Capital by 64.1% during the third quarter. New York State Teachers Retirement System now owns 2,461 shares of the company’s stock valued at $82,000 after purchasing an additional 961 shares during the period. Amalgamated Bank raised its position in Victory Capital by 13.5% during the third quarter. Amalgamated Bank now owns 4,063 shares of the company’s stock valued at $135,000 after purchasing an additional 482 shares during the period. SG Americas Securities LLC purchased a new stake in Victory Capital during the third quarter valued at approximately $156,000. Finally, Olympiad Research LP raised its position in Victory Capital by 6.0% during the third quarter. Olympiad Research LP now owns 6,910 shares of the company’s stock valued at $230,000 after purchasing an additional 394 shares during the period. Institutional investors own 87.71% of the company’s stock.

Victory Capital Company Profile

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.