Victory Capital (NASDAQ:VCTR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Victory Capital (NASDAQ:VCTR) had its target price lifted by equities researchers at JPMorgan Chase & Co. from $101.00 to $120.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 8.84% from the company’s previous close.

Several other research analysts have also weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Victory Capital from $100.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Barclays boosted their price target on shares of Victory Capital from $112.00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday. Zacks Research lowered shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Weiss Ratings raised shares of Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Finally, UBS Group set a $117.00 target price on shares of Victory Capital in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $118.00.

Victory Capital Trading Up 0.9%

VCTR stock traded up $0.95 during midday trading on Friday, hitting $110.25. 87,903 shares of the company’s stock were exchanged, compared to its average volume of 591,750. Victory Capital has a 1-year low of $57.03 and a 1-year high of $123.55. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $6.78 billion, a PE ratio of 20.31, a P/E/G ratio of 0.49 and a beta of 1.12. The business has a 50-day simple moving average of $112.16 and a two-hundred day simple moving average of $94.38.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.79 by $0.42. The business had revenue of $435.36 million for the quarter, compared to analyst estimates of $386.09 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. On average, sell-side analysts predict that Victory Capital will post 7.79 EPS for the current fiscal year.

Institutional Trading of Victory Capital

A number of institutional investors and hedge funds have recently bought and sold shares of VCTR. Dimensional Fund Advisors LP lifted its position in shares of Victory Capital by 14.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock worth $114,163,000 after purchasing an additional 221,471 shares in the last quarter. Granahan Investment Management LLC grew its holdings in shares of Victory Capital by 1.1% in the first quarter. Granahan Investment Management LLC now owns 1,087,315 shares of the company’s stock valued at $71,197,000 after purchasing an additional 12,113 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Victory Capital by 12.4% in the first quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock valued at $65,965,000 after purchasing an additional 111,063 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Victory Capital in the second quarter valued at approximately $42,035,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Victory Capital during the 3rd quarter worth approximately $17,429,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Victory Capital Company Profile

Victory Capital Holdings, Inc is an investment management company headquartered in San Antonio, Texas. Through its investment management businesses and affiliated brands, the company provides a range of actively managed and rules-based investment strategies for individual investors, financial intermediaries, retirement plans, institutions and other organizations.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment mandates.