Victory Capital (NASDAQ:VCTR) Receives Neutral Rating from B. Riley

Victory Capital (NASDAQ:VCTR)‘s stock had its “neutral” rating reaffirmed by equities research analysts at B. Riley in a research note issued on Tuesday,Benzinga reports. They presently have a $60.00 price objective on the stock, up from their prior price objective of $57.00. B. Riley’s price objective points to a potential downside of 5.32% from the stock’s current price.

A number of other research firms have also recently commented on VCTR. Morgan Stanley boosted their target price on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Royal Bank of Canada boosted their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Barclays boosted their target price 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, November 11th. BMO Capital Markets boosted their target price on shares of Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, UBS Group boosted their target price on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $65.00.

Victory Capital Stock Down 4.1 %

VCTR opened at $63.37 on Tuesday. Victory Capital has a fifty-two week low of $32.55 and a fifty-two week high of $73.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The company has a fifty day moving average of $65.65 and a two-hundred day moving average of $57.39. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 0.59 and a beta of 0.90.

Hedge Funds Weigh In On Victory Capital

Several large investors have recently made changes to their positions in VCTR. Principal Financial Group Inc. lifted its holdings in shares of Victory Capital by 18.4% in the 2nd quarter. Principal Financial Group Inc. now owns 46,904 shares of the company’s stock worth $2,239,000 after acquiring an additional 7,281 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Victory Capital by 41.2% in the 2nd quarter. Rhumbline Advisers now owns 54,426 shares of the company’s stock worth $2,598,000 after acquiring an additional 15,881 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Victory Capital by 166.6% in the 2nd quarter. Victory Capital Management Inc. now owns 28,453 shares of the company’s stock worth $1,358,000 after acquiring an additional 17,781 shares during the last quarter. Arizona State Retirement System increased its stake in Victory Capital by 19.3% during the 2nd quarter. Arizona State Retirement System now owns 10,818 shares of the company’s stock worth $516,000 after buying an additional 1,750 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Victory Capital during the 2nd quarter worth approximately $1,204,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

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.