Victory Capital (NASDAQ:VCTR) Price Target Raised to $59.00

Victory Capital (NASDAQ:VCTR) had its price objective raised by stock analysts at The Goldman Sachs Group from $53.00 to $59.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 22.53% from the stock’s current price.

Several other research analysts also recently weighed in on the company. UBS Group cut their price target on Victory Capital from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Bank of America raised their price target on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada raised their price objective on Victory Capital from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. B. Riley raised their price objective on Victory Capital from $48.00 to $57.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, BMO Capital Markets restated an “outperform” rating and set a $57.00 price target (up from $55.00) on shares of Victory Capital in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Victory Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.75.

Victory Capital Stock Performance

Shares of VCTR stock traded up $0.48 on Tuesday, hitting $48.15. 24,502 shares of the stock were exchanged, compared to its average volume of 407,027. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $3.12 billion, a PE ratio of 14.85, a P/E/G ratio of 0.57 and a beta of 0.93. Victory Capital has a one year low of $28.66 and a one year high of $54.94. The firm’s 50 day moving average is $49.46 and its two-hundred day moving average is $45.65.

Institutional Investors Weigh In On Victory Capital

Hedge funds have recently made changes to their positions in the company. CWM LLC boosted its position in shares of Victory Capital by 486.2% during the second quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after purchasing an additional 564 shares in the last quarter. Amalgamated Bank raised its stake in Victory Capital by 50.7% during the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after buying an additional 479 shares during the last quarter. nVerses Capital LLC raised its stake in Victory Capital by 200.0% during the second quarter. nVerses Capital LLC now owns 2,700 shares of the company’s stock valued at $129,000 after buying an additional 1,800 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in Victory Capital during the second quarter valued at $156,000. Finally, Rothschild Investment LLC purchased a new position in Victory Capital during the second quarter valued at $202,000. 87.71% of the stock is currently owned by institutional investors.

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.