Victory Capital (NASDAQ:VCTR) Price Target Cut to $28.00 by Analysts at Morgan Stanley

Victory Capital (NASDAQ:VCTRGet Rating) had its price objective decreased by analysts at Morgan Stanley from $29.00 to $28.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Morgan Stanley’s target price points to a potential downside of 1.16% from the company’s current price.

Other equities analysts have also issued reports about the stock. Bank of America started coverage on shares of Victory Capital in a research report on Monday, January 24th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Victory Capital from a “sell” rating to a “hold” rating in a report on Thursday, April 21st. BMO Capital Markets lowered their target price on shares of Victory Capital from $53.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, February 14th. UBS Group assumed coverage on shares of Victory Capital in a report on Tuesday. They issued a “neutral” rating and a $30.00 target price on the stock. Finally, Royal Bank of Canada lowered their target price 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, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Victory Capital presently has a consensus rating of “Buy” and an average target price of $39.71.

Shares of NASDAQ VCTR opened at $28.33 on Tuesday. The firm’s 50 day simple moving average is $30.49. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 0.97 and a beta of 1.07. Victory Capital has a 12-month low of $26.18 and a 12-month high of $43.09.

Victory Capital (NASDAQ:VCTRGet Rating) last posted its quarterly earnings results on Thursday, February 10th. The company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.06. The business had revenue of $229.12 million during the quarter, compared to analyst estimates of $228.45 million. Victory Capital had a net margin of 31.27% and a return on equity of 40.25%. During the same period in the prior year, the business posted $1.03 earnings per share. Analysts predict that Victory Capital will post 4.89 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Miracle Mile Advisors LLC raised its stake in Victory Capital by 8.9% during the first quarter. Miracle Mile Advisors LLC now owns 9,097 shares of the company’s stock valued at $263,000 after purchasing an additional 740 shares in the last quarter. Rainwater Charitable Foundation purchased a new stake in shares of Victory Capital in the first quarter valued at $1,858,000. CAPROCK Group Inc. purchased a new stake in shares of Victory Capital in the first quarter valued at $2,226,000. Walleye Capital LLC purchased a new stake in shares of Victory Capital in the fourth quarter valued at $562,000. Finally, BlackRock Inc. raised its stake in shares of Victory Capital by 8.5% in the fourth quarter. BlackRock Inc. now owns 471,373 shares of the company’s stock valued at $17,218,000 after acquiring an additional 36,977 shares during the period. 41.03% of the stock is currently owned by institutional investors.

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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