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

Victory Capital (NASDAQ:VCTR) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts have also recently issued research reports about the company. Barclays increased their price objective on Victory Capital from $121.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. lifted their target price on Victory Capital from $101.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, October 16th. The Goldman Sachs Group upped their target price on Victory Capital from $100.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Zacks Research downgraded Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Finally, UBS Group set a $117.00 price target on Victory Capital in a research report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $119.50.

Victory Capital Price Performance

Victory Capital stock opened at $119.24 on Friday. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 0.55 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.56 and a quick ratio of 1.56. Victory Capital has a 1 year low of $57.03 and a 1 year high of $123.55. The firm has a 50-day moving average of $110.79 and a two-hundred day moving average of $90.33.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, November 4th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). The company had revenue of $396.57 million during the quarter, compared to the consensus estimate of $411.23 million. Victory Capital had a return on equity of 24.37% and a net margin of 28.58%. On average, research analysts forecast that Victory Capital will post 7.78 earnings per share for the current year.

Hedge Funds Weigh In On Victory Capital

Several institutional investors have recently bought and sold shares of VCTR. Bahl & Gaynor LLC grew its position in shares of Victory Capital by 1.9% in the 3rd quarter. Bahl & Gaynor LLC now owns 3,100,986 shares of the company’s stock worth $342,969,000 after buying an additional 56,708 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Victory Capital by 14.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock worth $114,163,000 after acquiring an additional 221,471 shares in the last quarter. Granahan Investment Management LLC raised its stake in shares of Victory Capital by 1.1% during the 1st quarter. Granahan Investment Management LLC now owns 1,087,315 shares of the company’s stock worth $71,197,000 after acquiring an additional 12,113 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Victory Capital by 12.4% during the 1st quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock worth $65,965,000 after acquiring an additional 111,063 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Victory Capital during the second quarter valued at approximately $42,035,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

About Victory Capital

Victory Capital Holdings, Inc is an investment management firm that provides services to institutional investors, financial intermediaries and individual investors. Its offerings include mutual funds, exchange-traded funds, separately managed accounts and other investment strategies across a range of asset classes.

Founded in 2013 and headquartered in San Antonio, Texas, the company operates through a group of investment franchises with distinct investment approaches. Victory Capital serves clients in the United States and internationally.