JPMorgan Chase & Co. Issues Positive Forecast for Victory Capital (NASDAQ:VCTR) Stock Price

Victory Capital (NASDAQ:VCTR) had its target price upped by analysts at JPMorgan Chase & Co. from $62.00 to $69.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 0.43% from the stock’s previous close.

A number of other analysts have also issued reports on VCTR. UBS Group lifted their target price on Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their price objective on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. B. Riley reiterated a “neutral” rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Morgan Stanley lifted their price target 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. Finally, Barclays increased their price objective on shares of Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Victory Capital currently has an average rating of “Hold” and an average target price of $68.33.

Victory Capital Stock Up 0.1 %

Shares of VCTR traded up $0.04 during mid-day trading on Tuesday, reaching $68.71. 23,013 shares of the stock traded hands, compared to its average volume of 288,446. The stock has a fifty day simple moving average of $65.60 and a 200 day simple moving average of $60.69. Victory Capital has a 12-month low of $36.02 and a 12-month high of $73.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 0.55 and a beta of 0.89.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. Sell-side analysts expect that Victory Capital will post 6.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of VCTR. Covestor Ltd lifted its holdings in Victory Capital by 3,207.1% in the fourth quarter. Covestor Ltd now owns 463 shares of the company’s stock worth $30,000 after acquiring an additional 449 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 452 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after purchasing an additional 157 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Victory Capital during the 4th quarter valued at approximately $43,000. Finally, Quantbot Technologies LP bought a new position in Victory Capital during the 3rd quarter worth $72,000. 87.71% of the stock is owned by institutional investors and hedge funds.

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.