Victory Capital (NASDAQ:VCTR) Upgraded to “Buy” at Wall Street Zen

Victory Capital (NASDAQ:VCTR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Several other equities research analysts have also issued reports on VCTR. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, January 21st. Barclays set a $69.00 price objective on shares of Victory Capital in a research note on Friday, February 6th. Royal Bank Of Canada lifted their target price on Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. Morgan Stanley dropped their target price on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. increased their price target on Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.38.

Victory Capital Price Performance

Shares of VCTR opened at $65.13 on Friday. The stock has a market capitalization of $4.17 billion, a P/E ratio of 16.00, a P/E/G ratio of 0.68 and a beta of 1.04. Victory Capital has a twelve month low of $47.00 and a twelve month high of $77.78. The company has a 50 day moving average of $70.55 and a 200-day moving average of $66.70. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.40.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The business had revenue of $374.12 million for the quarter, compared to analyst estimates of $371.09 million. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The firm’s revenue for the quarter was up 61.0% on a year-over-year basis. As a group, equities research analysts forecast that Victory Capital will post 6.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VCTR. Caitong International Asset Management Co. Ltd raised its holdings in shares of Victory Capital by 19,350.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after purchasing an additional 387 shares during the period. Core Wealth Advisors LLC bought a new position in Victory Capital during the fourth quarter worth about $30,000. Covestor Ltd grew its holdings in Victory Capital by 99.7% during the fourth quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after purchasing an additional 334 shares during the period. PNC Financial Services Group Inc. increased its position in Victory Capital by 48.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock worth $48,000 after buying an additional 246 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Victory Capital by 146.4% during the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after buying an additional 511 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

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.