Victory Capital Holdings Inc (VCTR) Receives Average Recommendation of “Buy” from Analysts

Victory Capital Holdings Inc (NASDAQ:VCTR) has been given a consensus rating of “Buy” by the ten research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $15.58.

A number of brokerages have issued reports on VCTR. Bank of America set a $18.00 target price on Victory Capital and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Morgan Stanley cut Victory Capital from an “overweight” rating to an “equal weight” rating in a report on Thursday, April 11th. Zacks Investment Research raised Victory Capital from a “strong sell” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, April 2nd. B. Riley began coverage on Victory Capital in a report on Wednesday, March 27th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Sandler O’Neill reaffirmed a “buy” rating on shares of Victory Capital in a report on Friday, March 15th.

Hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC increased its stake in shares of Victory Capital by 167.7% in the fourth quarter. Squarepoint Ops LLC now owns 33,574 shares of the company’s stock valued at $343,000 after buying an additional 21,034 shares during the period. Algebris UK Ltd acquired a new stake in shares of Victory Capital in the fourth quarter valued at about $4,099,000. First Trust Advisors LP increased its stake in shares of Victory Capital by 32.3% in the fourth quarter. First Trust Advisors LP now owns 25,929 shares of the company’s stock valued at $265,000 after buying an additional 6,328 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Victory Capital during the 4th quarter valued at about $711,000. Finally, Marshall Wace LLP bought a new stake in shares of Victory Capital during the 3rd quarter valued at about $453,000. 13.90% of the stock is owned by institutional investors.

Shares of Victory Capital stock traded up $0.05 during trading on Friday, reaching $15.97. 3,403 shares of the company’s stock were exchanged, compared to its average volume of 98,422. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.74 and a current ratio of 1.74. Victory Capital has a 1-year low of $7.27 and a 1-year high of $17.00. The stock has a market capitalization of $1.07 billion, a P/E ratio of 10.94 and a beta of 2.03.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Wednesday, February 6th. The company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. Victory Capital had a return on equity of 24.19% and a net margin of 15.41%. The company had revenue of $95.97 million during the quarter, compared to analysts’ expectations of $98.27 million. On average, research analysts forecast that Victory Capital will post 2.23 earnings per share for the current year.

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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Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

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