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 research analysts at JPMorgan Chase & Co. from $101.00 to $120.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 8.84% from the company’s current price.

VCTR has been the topic of several other reports. The Goldman Sachs Group raised their price target 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. Morgan Stanley boosted their price target on shares of Victory Capital from $91.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday, September 25th. Weiss Ratings raised shares of Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. Royal Bank Of Canada increased their price objective on shares of Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Zacks Research lowered shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $118.00.

Victory Capital Price Performance

Shares of NASDAQ:VCTR traded up $0.95 during trading on Friday, reaching $110.25. The stock had a trading volume of 87,903 shares, compared to its average volume of 591,750. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The business has a fifty day moving average price of $112.16 and a 200-day moving average price of $94.38. The stock has a market cap of $6.78 billion, a PE ratio of 20.31, a PEG ratio of 0.49 and a beta of 1.12. Victory Capital has a 1-year low of $57.03 and a 1-year high of $123.55.

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

Institutional Investors Weigh In On Victory Capital

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in 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 during the last quarter. Granahan Investment Management LLC boosted its holdings in Victory Capital by 1.1% in the 1st 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 during the last quarter. Bank of America Corp DE boosted its holdings in Victory Capital by 12.4% in the 1st 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 during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Victory Capital in the 2nd quarter valued at approximately $42,035,000. Finally, Royal Bank of Canada grew its stake in shares of Victory Capital by 26.8% in the 1st quarter. Royal Bank of Canada now owns 182,050 shares of the company’s stock valued at $11,920,000 after buying an additional 38,511 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

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.