The Goldman Sachs Group Increases Victory Capital (NASDAQ:VCTR) Price Target to $60.00

by · The Cerbat Gem

Victory Capital (NASDAQ:VCTR – Get Free Report) had its price objective hoisted by investment analysts at The Goldman Sachs Group from $59.50 to $60.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 4.20% from the company’s current price.

A number of other brokerages also recently weighed in on VCTR. JPMorgan Chase & Co. raised their target price on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Royal Bank of Canada reduced their target price on Victory Capital from $56.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Bank of America raised their price objective on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a report on Monday, August 12th. UBS Group cut their price objective on Victory Capital from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, Morgan Stanley raised their price objective on Victory Capital from $39.00 to $40.00 and gave the company an “underweight” rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $53.78.

Get Our Latest Analysis on Victory Capital

Victory Capital Trading Up 2.3 %

Shares of NASDAQ:VCTR opened at $57.58 on Thursday. The company has a market capitalization of $3.74 billion, a P/E ratio of 17.66, a P/E/G ratio of 0.61 and a beta of 0.91. Victory Capital has a 1 year low of $28.66 and a 1 year high of $58.02. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.91 and a quick ratio of 0.91. The business’s 50 day simple moving average is $52.43 and its 200 day simple moving average is $49.96.

Victory Capital (NASDAQ:VCTR – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.04. The firm had revenue of $219.62 million for the quarter, compared to the consensus estimate of $220.82 million. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. On average, research analysts anticipate that Victory Capital will post 5.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Truist Financial Corp raised its position in Victory Capital by 11.1% during the 2nd quarter. Truist Financial Corp now owns 22,278 shares of the company’s stock worth $1,063,000 after purchasing an additional 2,220 shares during the last quarter. Scientech Research LLC bought a new position in Victory Capital during the 2nd quarter worth $582,000. Mackenzie Financial Corp bought a new position in Victory Capital during the 2nd quarter worth $346,000. The Manufacturers Life Insurance Company raised its position in Victory Capital by 27.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,450 shares of the company’s stock worth $1,262,000 after purchasing an additional 5,697 shares during the last quarter. Finally, Dark Forest Capital Management LP raised its position in Victory Capital by 43.2% during the 2nd quarter. Dark Forest Capital Management LP now owns 35,850 shares of the company’s stock worth $1,711,000 after purchasing an additional 10,819 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Company Profile

(Get Free Report)

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.

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