Victory Capital Holdings, Inc. (NASDAQ:VCTR) Stock Position Cut by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 11.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,507 shares of the company’s stock after selling 1,628 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Victory Capital were worth $724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd boosted its position in shares of Victory Capital by 3,207.1% during the 4th quarter. Covestor Ltd now owns 463 shares of the company’s stock valued at $30,000 after purchasing an additional 449 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of Victory Capital during the 1st quarter valued at about $34,000. Opal Wealth Advisors LLC bought a new position in shares of Victory Capital during the 1st quarter valued at about $37,000. TD Private Client Wealth LLC boosted its position in shares of Victory Capital by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 2,177 shares of the company’s stock valued at $126,000 after purchasing an additional 329 shares in the last quarter. Finally, KBC Group NV bought a new position in shares of Victory Capital during the 1st quarter valued at about $131,000. Institutional investors own 87.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on VCTR shares. UBS Group decreased their target price on shares of Victory Capital from $71.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. B. Riley raised their target price on shares of Victory Capital from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Royal Bank Of Canada raised their target price on shares of Victory Capital from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, May 13th. Wall Street Zen cut shares of Victory Capital from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Victory Capital from $69.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.22.

Victory Capital Price Performance

NASDAQ VCTR opened at $69.19 on Thursday. The company has a 50 day simple moving average of $65.25 and a 200-day simple moving average of $62.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 0.77 and a beta of 1.04. Victory Capital Holdings, Inc. has a 52-week low of $45.14 and a 52-week high of $73.42.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.02). The business had revenue of $219.60 million for the quarter, compared to the consensus estimate of $226.38 million. Victory Capital had a net margin of 32.90% and a return on equity of 30.28%. Victory Capital’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 EPS. Equities research analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

About Victory Capital

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