Morgan Stanley Lowers Victory Capital (NASDAQ:VCTR) Price Target to $69.00

Victory Capital (NASDAQ:VCTR) had its price target lowered by equities researchers at Morgan Stanley from $70.00 to $69.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential downside of 2.79% from the company’s previous close.

Several other brokerages also recently commented on VCTR. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Zacks Research downgraded Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. boosted their price objective on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Finally, Barclays decreased their target price on Victory Capital from $72.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 21st. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

Victory Capital Stock Up 2.9%

Shares of NASDAQ:VCTR opened at $70.98 on Tuesday. The company’s fifty day moving average is $65.66 and its 200-day moving average is $66.53. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.26 and a current ratio of 1.26. Victory Capital has a 52 week low of $47.00 and a 52 week high of $73.00. The company has a market capitalization of $4.61 billion, a PE ratio of 18.11, a P/E/G ratio of 0.69 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.11. The firm had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. Victory Capital had a net margin of 25.27% and a return on equity of 24.23%. The firm’s quarterly revenue was up 61.0% on a year-over-year basis. During the same period last year, the firm posted $1.45 EPS. Equities research analysts predict that Victory Capital will post 6.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of Victory Capital by 35.4% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 9,750 shares of the company’s stock worth $615,000 after buying an additional 2,550 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Victory Capital by 2,954.5% during the 4th quarter. Fifth Third Bancorp now owns 1,344 shares of the company’s stock valued at $85,000 after acquiring an additional 1,300 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Victory Capital by 10.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,871 shares of the company’s stock valued at $370,000 after purchasing an additional 536 shares during the period. Huntleigh Advisors Inc. lifted its stake in shares of Victory Capital by 11.6% in the 4th quarter. Huntleigh Advisors Inc. now owns 40,154 shares of the company’s stock valued at $2,533,000 after purchasing an additional 4,186 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Victory Capital by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock worth $303,769,000 after purchasing an additional 73,142 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

About Victory Capital

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.