JPMorgan Chase & Co. Raises Victory Capital (NASDAQ:VCTR) Price Target to $71.00

Victory Capital (NASDAQ:VCTR) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from $70.00 to $71.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 5.70% from the stock’s previous close.

VCTR has been the subject of several other research reports. Bank of America lifted their target price on shares of Victory Capital from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Morgan Stanley lifted their price objective on Victory Capital from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Barclays decreased their target price on Victory Capital from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, October 8th. Finally, Zacks Research lowered shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.11.

Victory Capital Trading Down 1.0%

Shares of NASDAQ:VCTR traded down $0.70 during midday trading on Tuesday, reaching $67.17. 34,539 shares of the company’s stock were exchanged, compared to its average volume of 278,101. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 0.67 and a beta of 1.07. Victory Capital has a fifty-two week low of $47.00 and a fifty-two week high of $73.00. The firm’s 50 day simple moving average is $64.08 and its two-hundred day simple moving average is $66.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.26.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Thursday, November 6th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.03. The company had revenue of $361.20 million during the quarter, compared to analyst estimates of $361.14 million. Victory Capital had a net margin of 25.27% and a return on equity of 24.23%. Victory Capital’s revenue was up 60.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.35 earnings per share. As a group, sell-side analysts forecast that Victory Capital will post 6.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vicus Capital purchased a new stake in shares of Victory Capital in the 2nd quarter valued at about $279,000. Annex Advisory Services LLC boosted its holdings in shares of Victory Capital by 4.6% in the third quarter. Annex Advisory Services LLC now owns 544,078 shares of the company’s stock valued at $35,234,000 after acquiring an additional 24,050 shares during the period. Amundi purchased a new position in shares of Victory Capital during the second quarter worth approximately $213,219,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Victory Capital by 55.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,816 shares of the company’s stock valued at $370,000 after acquiring an additional 2,063 shares during the period. Finally, Acadian Asset Management LLC raised its position in Victory Capital by 4.6% in the 2nd quarter. Acadian Asset Management LLC now owns 104,034 shares of the company’s stock valued at $6,622,000 after purchasing an additional 4,594 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.