Victory Capital (NASDAQ:VCTR) Lowered to Hold Rating by Wall Street Zen

Victory Capital (NASDAQ:VCTR) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

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

Victory Capital Price Performance

Victory Capital stock opened at $62.93 on Monday. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 0.66 and a beta of 1.04. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.40. Victory Capital has a 12 month low of $47.00 and a 12 month high of $77.78. The stock’s 50 day moving average is $70.14 and its 200-day moving average is $66.53.

Victory Capital (NASDAQ:VCTR) last released 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 $1.66 by $0.12. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The business had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. During the same period in the previous year, the company posted $1.45 EPS. The firm’s quarterly revenue was up 61.0% on a year-over-year basis. Equities research analysts expect that Victory Capital will post 6.16 EPS for the current year.

Institutional Investors Weigh In On Victory Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its holdings in shares of Victory Capital by 8,812.2% during the 3rd quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock worth $18,175,000 after buying an additional 277,497 shares in the last quarter. AlphaQuest LLC raised its stake in Victory Capital by 192.1% during the third quarter. AlphaQuest LLC now owns 21,698 shares of the company’s stock worth $1,405,000 after acquiring an additional 14,269 shares in the last quarter. Aurora Investment Counsel bought a new position in shares of Victory Capital in the third quarter worth about $2,205,000. Rhumbline Advisers boosted its stake in shares of Victory Capital by 93.8% in the 3rd quarter. Rhumbline Advisers now owns 128,360 shares of the company’s stock valued at $8,313,000 after purchasing an additional 62,119 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its stake in shares of Victory Capital by 4.6% in the 3rd quarter. Annex Advisory Services LLC now owns 544,078 shares of the company’s stock valued at $35,234,000 after purchasing an additional 24,050 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Company Profile

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.