Victory Capital (NASDAQ:VCTR) Cut to Hold at Zacks Research

Victory Capital (NASDAQ:VCTR) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

Other research analysts also recently issued research reports about the company. UBS Group set a $117.00 price target on Victory Capital in a research note on Friday, August 28th. JPMorgan Chase & Co. lifted their price objective on Victory Capital from $87.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. The Goldman Sachs Group upped their price objective on Victory Capital from $100.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Morgan Stanley set a $91.00 target price on Victory Capital in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded Victory Capital from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, September 9th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Victory Capital has a consensus rating of “Hold” and an average target price of $105.71.

Victory Capital Trading Down 3.2%

VCTR opened at $105.57 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 0.91 and a beta of 1.09. The firm has a 50 day simple moving average of $107.10 and a 200 day simple moving average of $88.03. Victory Capital has a fifty-two week low of $57.03 and a fifty-two week high of $123.55.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.42. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. The firm had revenue of $435.36 million for the quarter, compared to analysts’ expectations of $386.09 million. On average, sell-side analysts anticipate that Victory Capital will post 7.62 earnings per share for the current year.

Hedge Funds Weigh In On Victory Capital

Several institutional investors and hedge funds have recently made changes to their positions in VCTR. Nykredit A S acquired a new position in Victory Capital in the 2nd quarter worth $26,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Victory Capital by 19,350.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after purchasing an additional 387 shares during the period. Core Wealth Advisors LLC bought a new stake in shares of Victory Capital in the fourth quarter valued at about $30,000. Public Employees Retirement System of Ohio bought a new stake in shares of Victory Capital in the second quarter valued at about $44,000. Finally, Covestor Ltd boosted its position in shares of Victory Capital by 99.7% during the fourth quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after buying an additional 334 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Company Profile

Victory Capital Inc (NASDAQ:VCTR) is a global investment management company that provides a broad range of investment solutions to individual, institutional, intermediary and retirement investors. The company manages assets through a multiboutique structure designed to preserve the distinct investment approaches of its affiliated investment teams.

Its offerings include actively managed mutual funds, exchange-traded funds, separately managed accounts, institutional strategies, retirement-plan solutions and other portfolio management services.