Victory Capital (NASDAQ:VCTR) Stock Rating Lowered by Zacks Research

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

Other equities research analysts have also issued reports about the stock. Weiss Ratings raised shares of Victory Capital from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, September 9th. Morgan Stanley set a $91.00 target price on shares of Victory Capital in a research note on Wednesday, July 29th. Royal Bank Of Canada boosted their target price on shares of Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, August 7th. JPMorgan Chase & Co. upped their price target on shares of Victory Capital from $87.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Barclays increased their price target on Victory Capital from $95.00 to $112.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $105.71.

Victory Capital Price Performance

Victory Capital stock opened at $105.57 on Monday. The stock’s 50 day moving average is $107.10 and its 200 day moving average is $88.03. Victory Capital has a one year low of $57.03 and a one year high of $123.55. The firm has a market cap of $6.49 billion, a P/E ratio of 19.41, a P/E/G ratio of 0.91 and a beta of 1.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share 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 business had revenue of $435.36 million during the quarter, compared to the consensus estimate of $386.09 million. As a group, research analysts expect that Victory Capital will post 7.62 EPS for the current year.

Hedge Funds Weigh In On Victory Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new stake in Victory Capital in the 2nd quarter valued at about $42,035,000. Dimensional Fund Advisors LP boosted its stake in shares of Victory Capital by 14.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock worth $114,163,000 after buying an additional 221,471 shares during the last quarter. Capital World Investors grew its holdings in shares of Victory Capital by 4.3% in the fourth quarter. Capital World Investors now owns 3,768,001 shares of the company’s stock valued at $237,723,000 after acquiring an additional 155,732 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Victory Capital by 12.4% in the first quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock valued at $65,965,000 after acquiring an additional 111,063 shares in the last quarter. Finally, Argent Capital Management LLC increased its position in shares of Victory Capital by 52.1% during the first quarter. Argent Capital Management LLC now owns 179,683 shares of the company’s stock valued at $11,766,000 after acquiring an additional 61,583 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

About Victory Capital

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.