Victory Capital's Price Target Increased by Barclays

Victory Capital (NASDAQ:VCTR) recently saw its price target raised by Barclays from $69.00 to $70.00, as reported in a research update released on Friday. In this report, Barclays maintained an "equal weight" rating on the stock, suggesting that investors might find neutral prospects moving forward. The new target price implies a potential upside of approximately 5.89% based on the company’s previous closing value.

Recent Analyst Ratings for Victory Capital

Victory Capital has been under review by various firms recently. Notably, Royal Bank of Canada increased their target price from $61.00 to $72.00, assigning an "outperform" rating in a report released on November 14th. Additionally, Goldman Sachs Group raised their price target for the company from $60.00 to $68.00, while also providing a "buy" rating. UBS Group also adjusted their price objective from $49.00 to $64.00 and categorized the stock with a "neutral" rating in their assessment released on October 22nd. BMO Capital Markets did a similar evaluation, increasing their target from $71.00 to $78.00 and also giving an "outperform" rating. Furthermore, B. Riley reiterated a "neutral" rating with a price target increase from $57.00 to $60.00 in their note dated January 7th. At present, five research analysts classify the stock with a hold rating, while four analysts have decided on a buy rating. According to MarketBeat, Victory Capital holds a consensus rating of "Hold" with a consensus price target set at $65.11.

Victory Capital Stock Performance

On Friday, Victory Capital's stock increased by 0.8%, reaching $66.11 during trading. The trading volume for the day was 66,075 shares, in contrast to the average volume of 275,325 shares. The stock is currently below its 50-day moving average of $65.88 and its 200-day average of $58.06. Over the past year, Victory Capital’s stock price hit a low of $33.39 and a high of $73.42. Financially, the company has a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The market capitalization stands at $4.30 billion, with a P/E ratio of 16.44 and a price-to-earnings growth ratio of 0.45, highlighting a moderate risk profile.

Institutional Investment Activities

In terms of institutional stakes, various hedge funds and other institutional investors have been actively adjusting their holdings in Victory Capital. During the third quarter, Contravisory Investment Management Inc. raised its stake in the company by 53.2%, now owning 573 shares valued at about $32,000 after acquiring an additional 199 shares in the last quarter. Farther Finance Advisors LLC expanded its holdings by 367.5% during the same quarter, resulting in ownership of 575 shares worth around $32,000. Other firms, such as USA Financial Formulas and Amalgamated Bank, also reported significant increases in their respective stakes. Notably, approximately 87.71% of the stock is held by hedge funds and institutional investors, further indicating strong institutional interest in the company's shares.

Company Overview: Victory Capital Holdings

Victory Capital Holdings, Inc operates as an asset management firm both in the United States and internationally. The company provides a wide range of services, including investment advisory, fund administration, compliance, transfer agent functions, and distribution. They focus on delivering specialized investment strategies to a diverse clientele including institutions, intermediaries, retirement platforms, and individual investors.

This article serves as a summary of the new rating and updated price target for Victory Capital, providing readers an overview of recent market perspectives and the current situation regarding the stock.

Victory, Capital, Stocks