Shares of Victory Capital Holdings Inc (NASDAQ:VCTR) have been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $13.22.
Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Victory Capital from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Wednesday, October 31st. Morgan Stanley lifted their price target on Victory Capital from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, October 9th. Keefe, Bruyette & Woods raised Victory Capital from a “market perform” rating to an “outperform” rating and set a $12.50 price target for the company in a research note on Tuesday, September 25th. Sandler O’Neill set a $11.00 price target on Victory Capital and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $13.00 price target on shares of Victory Capital in a research note on Wednesday, August 8th.
Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. bought a new stake in Victory Capital during the first quarter worth about $7,565,000. Millennium Management LLC lifted its stake in Victory Capital by 23.3% during the second quarter. Millennium Management LLC now owns 547,382 shares of the company’s stock worth $5,791,000 after purchasing an additional 103,374 shares during the last quarter. Putnam Investments LLC lifted its stake in Victory Capital by 39.5% during the second quarter. Putnam Investments LLC now owns 145,175 shares of the company’s stock worth $1,536,000 after purchasing an additional 41,100 shares during the last quarter. BlackRock Inc. bought a new stake in Victory Capital during the first quarter worth about $285,000. Finally, LaSalle Street Capital Management LLC bought a new stake in Victory Capital during the second quarter worth about $363,000. 16.27% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:VCTR opened at $11.18 on Friday. The firm has a market cap of $553.44 million and a P/E ratio of 8.94. Victory Capital has a 52-week low of $7.27 and a 52-week high of $13.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.36 and a quick ratio of 1.36.
Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The business had revenue of $108.08 million for the quarter, compared to the consensus estimate of $108.36 million. Equities research analysts anticipate that Victory Capital will post 1.53 EPS for the current year.
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.
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