Victory Capital (NASDAQ:VCTR) Upgraded to “Hold” by Zacks Investment Research

Victory Capital (NASDAQ:VCTRGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Victory Capital Holdings, Inc. is an integrated multi-boutique asset management firm. The company provides institutions, financial advisors and retirement platforms which include separately managed accounts, collective trusts, mutual funds, ETFs and UMA/SMA vehicles. Victory Capital Holdings, Inc. is headquartered in Cleveland, Ohio. “

Several other equities research analysts have also recently weighed in on VCTR. BMO Capital Markets dropped their price target on shares of Victory Capital from $53.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, February 14th. Bank of America began coverage on shares of Victory Capital in a report on Monday, January 24th. They issued a “buy” rating for the company. Morgan Stanley decreased their price objective on shares of Victory Capital from $32.00 to $29.00 in a report on Friday, April 8th. Finally, Royal Bank of Canada decreased their price objective on shares of Victory Capital from $49.00 to $44.00 in a report on Tuesday, February 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $41.50.

VCTR opened at $29.42 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.21. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 0.93 and a beta of 1.07. Victory Capital has a twelve month low of $26.18 and a twelve month high of $43.09. The company’s 50-day moving average price is $30.85 and its two-hundred day moving average price is $33.74.

Victory Capital (NASDAQ:VCTRGet Rating) last posted its quarterly earnings results on Thursday, February 10th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.06. Victory Capital had a net margin of 31.27% and a return on equity of 40.25%. The company had revenue of $229.12 million for the quarter, compared to analyst estimates of $228.45 million. During the same quarter in the previous year, the firm posted $1.03 earnings per share. As a group, sell-side analysts anticipate that Victory Capital will post 4.89 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Kendall Capital Management increased its stake in Victory Capital by 34.4% during the 4th quarter. Kendall Capital Management now owns 49,290 shares of the company’s stock valued at $1,801,000 after purchasing an additional 12,610 shares in the last quarter. Balyasny Asset Management LLC purchased a new stake in shares of Victory Capital during the 3rd quarter valued at about $1,864,000. Mackenzie Financial Corp purchased a new stake in shares of Victory Capital during the 3rd quarter valued at about $221,000. BlackRock Inc. boosted its holdings in shares of Victory Capital by 7.8% during the 3rd quarter. BlackRock Inc. now owns 434,396 shares of the company’s stock valued at $15,208,000 after acquiring an additional 31,374 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Victory Capital by 9.6% in the third quarter. Dimensional Fund Advisors LP now owns 92,356 shares of the company’s stock worth $3,234,000 after buying an additional 8,125 shares during the last quarter. Institutional investors and hedge funds own 41.03% of the company’s stock.

Victory Capital Company Profile (Get Rating)

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company worldwide. It offers investment advisory, fund administration, fund compliance, fund transfer agent, and fund distribution services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.

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