Victory Capital (NASDAQ:VCTR) Given New $70.00 Price Target at Barclays

Victory Capital (NASDAQ:VCTR) had its price objective lifted by equities research analysts at Barclays from $69.00 to $70.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 5.77% from the stock’s current price.

Several other analysts have also issued reports on the company. The Goldman Sachs Group increased their target price on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Morgan Stanley increased their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. B. Riley restated a “neutral” rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Royal Bank of Canada increased their price target on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, UBS Group boosted their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Victory Capital currently has a consensus rating of “Hold” and an average price target of $65.11.

Victory Capital Trading Up 0.9 %

Shares of NASDAQ:VCTR opened at $66.18 on Friday. The business’s 50 day simple moving average is $65.88 and its 200 day simple moving average is $58.27. Victory Capital has a 1 year low of $33.39 and a 1 year high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $4.30 billion, a P/E ratio of 16.46, a P/E/G ratio of 0.45 and a beta of 0.90.

Institutional Investors Weigh In On Victory Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings in Victory Capital by 113.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock worth $115,990,000 after acquiring an additional 1,051,459 shares during the last quarter. State Street Corp raised its position in Victory Capital by 6.4% during the 3rd quarter. State Street Corp now owns 1,162,842 shares of the company’s stock worth $64,421,000 after purchasing an additional 69,654 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Victory Capital by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock worth $57,446,000 after buying an additional 101,247 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Victory Capital by 28.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 454,330 shares of the company’s stock valued at $25,170,000 after buying an additional 100,614 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Victory Capital by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company’s stock worth $20,660,000 after acquiring an additional 11,785 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

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.