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

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

Other equities analysts also recently issued research reports about the stock. Barclays set a $69.00 price target on shares of Victory Capital in a research note on Friday, February 6th. Zacks Research lowered Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Royal Bank Of Canada upped their price target on Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Morgan Stanley cut their price objective 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. Five investment 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 an average rating of “Moderate Buy” and an average price target of $75.38.

Victory Capital Stock Performance

NASDAQ VCTR opened at $74.74 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.26 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $4.85 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 0.79 and a beta of 1.05. The business’s 50-day moving average price is $67.28 and its 200 day moving average price is $66.79. Victory Capital has a twelve month low of $47.00 and a twelve month high of $77.78.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 EPS for the quarter, beating 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 company had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. During the same quarter in the prior year, the company posted $1.45 EPS. The company’s quarterly revenue was up 61.0% compared to the same quarter last year. On average, research analysts predict that Victory Capital will post 6.16 earnings per share for the current year.

Institutional Trading of Victory Capital

Large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its stake in shares of Victory Capital by 2,131.6% in the second quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares during the period. Core Wealth Advisors LLC purchased a new position in Victory Capital in the 4th quarter valued at about $30,000. Covestor Ltd boosted its position in Victory Capital by 99.7% in the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after buying an additional 334 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Victory Capital by 48.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock worth $48,000 after acquiring an additional 246 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Victory Capital by 146.4% in the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock valued at $54,000 after purchasing an additional 511 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

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.