Victory Capital (VCTR) Rating Lowered to Hold at Zacks Investment Research

Victory Capital (NASDAQ:VCTR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Victory Capital Holdings, Inc. is an integrated multi-boutique asset management firm. The company provides institutions, financial advisors and retirement platforms which include separately managed accounts, collective trusts, mutual funds, ETFs and UMA/SMA vehicles. Victory Capital Holdings, Inc. is headquartered in Cleveland, Ohio. “

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada raised their target price on shares of Victory Capital to $19.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Morgan Stanley cut shares of Victory Capital from an “overweight” rating to an “equal weight” rating in a report on Thursday, April 11th. ValuEngine raised shares of Victory Capital from a “sell” rating to a “hold” rating in a report on Friday, February 8th. B. Riley initiated coverage on shares of Victory Capital in a report on Wednesday, March 27th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Sandler O’Neill reaffirmed a “buy” rating on shares of Victory Capital in a report on Friday, March 15th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Victory Capital presently has an average rating of “Buy” and a consensus target price of $15.69.

Shares of NASDAQ VCTR opened at $17.64 on Wednesday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.57. Victory Capital has a 52-week low of $7.27 and a 52-week high of $18.80. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 12.08 and a beta of 2.03.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Tuesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. Victory Capital had a net margin of 17.10% and a return on equity of 23.34%. The firm had revenue of $87.48 million for the quarter, compared to analysts’ expectations of $91.04 million. As a group, analysts anticipate that Victory Capital will post 2.13 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in shares of Victory Capital during the first quarter valued at approximately $33,000. Rockefeller Capital Management L.P. acquired a new position in shares of Victory Capital during the first quarter valued at approximately $40,000. Globeflex Capital L P acquired a new position in shares of Victory Capital during the first quarter valued at approximately $90,000. State of Tennessee Treasury Department acquired a new position in shares of Victory Capital during the first quarter valued at approximately $103,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Victory Capital during the first quarter valued at approximately $139,000. 14.67% of the stock is currently owned by institutional investors.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.

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