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

Victory Capital (NASDAQ:VCTR)‘s stock had its “neutral” rating reissued by research analysts at B. Riley in a report released on Tuesday,Benzinga reports. They currently have a $60.00 target price on the stock, up from their previous target price of $57.00. B. Riley’s price objective points to a potential downside of 5.32% from the company’s current price.

Other research analysts have also issued reports about the company. Royal Bank of Canada boosted their price target on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Morgan Stanley increased their price target on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Barclays raised their price target on Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. BMO Capital Markets upped their price objective on shares of Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, UBS Group lifted 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $65.00.

Victory Capital Trading Down 4.1 %

VCTR opened at $63.37 on Tuesday. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 0.59 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a 12 month low of $32.55 and a 12 month high of $73.42. The stock has a fifty day moving average price of $65.65 and a 200-day moving average price of $57.39.

Hedge Funds Weigh In On Victory Capital

A number of institutional investors have recently bought and sold shares of VCTR. Contravisory Investment Management Inc. raised its position in Victory Capital by 53.2% during the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after buying an additional 199 shares during the last quarter. Farther Finance Advisors LLC raised its position in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after buying an additional 452 shares during the last quarter. USA Financial Formulas raised its position in Victory Capital by 157.9% during the 3rd quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock worth $61,000 after buying an additional 676 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Victory Capital by 50.7% during the 2nd quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after purchasing an additional 479 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Victory Capital during the 3rd quarter valued at approximately $72,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

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.