Wall Street Zen Upgrades Victory Capital (NASDAQ:VCTR) to “Buy”

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

A number of other research analysts have also recently issued reports on the company. Morgan Stanley dropped their price objective on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday, February 3rd. Royal Bank Of Canada increased their price target on Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Barclays set a $69.00 price objective on Victory Capital in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Five 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 company has a consensus rating of “Moderate Buy” and an average price target of $75.38.

Victory Capital Trading Down 6.4%

NASDAQ:VCTR opened at $65.13 on Friday. The business’s 50 day moving average is $70.55 and its two-hundred day moving average is $66.70. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.40. Victory Capital has a 52 week low of $47.00 and a 52 week high of $77.78. The company has a market cap of $4.17 billion, a PE ratio of 16.00, a P/E/G ratio of 0.68 and a beta of 1.04.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.12. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The business had revenue of $374.12 million for the quarter, compared to analyst estimates of $371.09 million. During the same period in the previous year, the business earned $1.45 EPS. The firm’s revenue was up 61.0% on a year-over-year basis. On average, analysts predict that Victory Capital will post 6.16 EPS for the current year.

Institutional Trading of Victory Capital

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Victory Capital by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock valued at $303,769,000 after purchasing an additional 73,142 shares during the period. Capital World Investors raised its holdings in Victory Capital by 4.3% during the 4th quarter. Capital World Investors now owns 3,768,001 shares of the company’s stock worth $237,723,000 after buying an additional 155,732 shares during the period. Amundi bought a new position in Victory Capital in the second quarter valued at approximately $213,219,000. State Street Corp boosted its holdings in shares of Victory Capital by 0.5% in the fourth quarter. State Street Corp now owns 1,857,636 shares of the company’s stock valued at $117,198,000 after buying an additional 8,322 shares during the period. Finally, Bahl & Gaynor Inc. boosted its holdings in shares of Victory Capital by 4.8% in the third quarter. Bahl & Gaynor Inc. now owns 1,723,897 shares of the company’s stock valued at $111,640,000 after buying an additional 79,013 shares during the period. Institutional investors 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.