Royal Bank of Canada Raises Victory Capital (VCTR) Price Target to $19.00

Victory Capital (NASDAQ:VCTR) had its target price raised by Royal Bank of Canada to $19.00 in a research report report published on Thursday morning, The Fly reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Victory Capital from a buy rating to a hold rating in a report on Friday, April 12th. Morgan Stanley cut shares of Victory Capital from an overweight rating to an equal weight rating in a report on Thursday, April 11th. ValuEngine upgraded shares of Victory Capital from a sell rating to a hold rating in a report on Friday, February 8th. B. Riley began coverage on shares of Victory Capital in a report on Wednesday, March 27th. They issued a buy rating and a $20.00 target price on the stock. Finally, Sandler O’Neill restated a buy rating on shares of Victory Capital in a report on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Victory Capital currently has an average rating of Buy and an average price target of $15.69.

Shares of Victory Capital stock opened at $17.95 on Thursday. The company has a current ratio of 2.25, a quick ratio of 1.74 and a debt-to-equity ratio of 0.57. Victory Capital has a 52-week low of $7.27 and a 52-week high of $17.28. The company has a market capitalization of $1.21 billion, a PE ratio of 12.29 and a beta of 2.03.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Tuesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. Victory Capital had a net margin of 17.10% and a return on equity of 23.34%. The firm had revenue of $87.48 million for the quarter, compared to analysts’ expectations of $91.04 million. As a group, analysts predict that Victory Capital will post 2.13 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. RMB Capital Management LLC boosted its holdings in Victory Capital by 19.7% in the first quarter. RMB Capital Management LLC now owns 770,220 shares of the company’s stock valued at $11,569,000 after acquiring an additional 126,853 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Victory Capital by 26.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 353,933 shares of the company’s stock valued at $5,316,000 after acquiring an additional 73,490 shares in the last quarter. SEI Investments Co bought a new stake in Victory Capital in the first quarter valued at $582,000. Oxford Asset Management LLP boosted its holdings in Victory Capital by 0.4% in the first quarter. Oxford Asset Management LLP now owns 155,562 shares of the company’s stock valued at $2,337,000 after acquiring an additional 635 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Victory Capital by 11.2% in the first quarter. Renaissance Technologies LLC now owns 355,711 shares of the company’s stock valued at $5,343,000 after acquiring an additional 35,711 shares in the last quarter. Institutional investors and hedge funds own 13.90% of the company’s stock.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.

Recommended Story: How can you know how many shares are floating?

The Fly

Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

Receive News & Ratings for Victory Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victory Capital and related companies with MarketBeat.com's FREE daily email newsletter.