Victory Capital (NASDAQ:VCTR) Rating Lowered to “Hold” at Wall Street Zen

Victory Capital (NASDAQ:VCTR) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

VCTR has been the subject of several other reports. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research report 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 stock an “outperform” rating in a research note on Tuesday, February 10th. Barclays set a $69.00 target price on shares of Victory Capital in a research report on Friday, February 6th. JPMorgan Chase & Co. raised their target price on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Finally, Morgan Stanley reduced their price target on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.38.

Victory Capital Trading Up 0.4%

Shares of NASDAQ:VCTR opened at $68.19 on Friday. Victory Capital has a 12-month low of $47.00 and a 12-month high of $77.78. The business’s fifty day simple moving average is $70.48 and its 200-day simple moving average is $66.85. The company has a market capitalization of $4.43 billion, a PE ratio of 16.75, a P/E/G ratio of 0.71 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 (NASDAQ:VCTR) last released its quarterly earnings results on Wednesday, February 4th. The company reported $1.78 EPS for the quarter, topping 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 firm had revenue of $374.12 million during the quarter, compared to analyst estimates of $371.09 million. During the same period in the previous year, the company posted $1.45 EPS. The business’s revenue for the quarter was up 61.0% compared to the same quarter last year. As a group, equities research analysts predict that Victory Capital will post 6.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Victory Capital

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