Zacks Investment Research Upgrades Victory Capital (NASDAQ:VCTR) to Hold

Victory Capital (NASDAQ:VCTRGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, 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. “

Several other brokerages have also recently weighed in on VCTR. Morgan Stanley dropped their price objective on Victory Capital from $32.00 to $29.00 in a report on Friday, April 8th. Bank of America started coverage on Victory Capital in a report on Monday, January 24th. They set a “buy” rating for the company. Royal Bank of Canada dropped their price objective on Victory Capital from $49.00 to $44.00 in a report on Tuesday, February 15th. Finally, BMO Capital Markets dropped their price objective on Victory Capital from $53.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, February 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Victory Capital presently has an average rating of “Buy” and an average target price of $41.50.

Victory Capital stock opened at $27.55 on Thursday. The stock has a 50-day simple moving average of $30.61 and a 200 day simple moving average of $33.65. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.21. Victory Capital has a 12-month low of $26.18 and a 12-month high of $43.09. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 7.35, a P/E/G ratio of 0.93 and a beta of 1.07.

Victory Capital (NASDAQ:VCTRGet Rating) last announced its quarterly earnings data on Thursday, February 10th. The company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.06. The firm had revenue of $229.12 million during the quarter, compared to analysts’ expectations of $228.45 million. Victory Capital had a return on equity of 40.25% and a net margin of 31.27%. During the same period in the previous year, the business posted $1.03 EPS. As a group, sell-side analysts anticipate that Victory Capital will post 4.89 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new position in shares of Victory Capital in the 3rd quarter valued at approximately $42,000. Deutsche Bank AG grew its position in shares of Victory Capital by 219,900.0% in the 3rd quarter. Deutsche Bank AG now owns 2,200 shares of the company’s stock valued at $77,000 after purchasing an additional 2,199 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Victory Capital by 335.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,529 shares of the company’s stock valued at $129,000 after purchasing an additional 2,719 shares during the period. Wells Fargo & Company MN grew its position in shares of Victory Capital by 66.5% in the 2nd quarter. Wells Fargo & Company MN now owns 3,553 shares of the company’s stock valued at $115,000 after purchasing an additional 1,419 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Victory Capital by 19.4% in the 4th quarter. Legal & General Group Plc now owns 4,615 shares of the company’s stock valued at $168,000 after purchasing an additional 750 shares during the period. Institutional investors own 41.03% of the company’s stock.

Victory Capital Company Profile (Get Rating)

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company worldwide. It offers investment advisory, fund administration, fund compliance, fund transfer agent, and fund distribution services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.

See Also

Get a free copy of the Zacks research report on Victory Capital (VCTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

Receive News & Ratings for Victory Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victory Capital and related companies with MarketBeat.com's FREE daily email newsletter.