Victory Capital (NASDAQ:VCTR) Raised to Buy at Wall Street Zen

Victory Capital (NASDAQ:VCTR) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other analysts have also issued reports about the stock. Barclays set a $69.00 price target on shares of Victory Capital in a research report on Friday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Morgan Stanley decreased their target price on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 3rd. Royal Bank Of Canada boosted their price target on shares of Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.38.

Victory Capital Price Performance

VCTR opened at $74.74 on Friday. The stock has a fifty day moving average of $67.28 and a 200-day moving average of $66.74. The firm has a market capitalization of $4.85 billion, a P/E ratio of 18.36, a PEG ratio of 0.78 and a beta of 1.04. Victory Capital has a 12-month low of $47.00 and a 12-month high of $77.78. The company has a quick ratio of 1.26, a current ratio of 1.47 and a debt-to-equity ratio of 0.40.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. The business had revenue of $374.12 million for the quarter, compared to the consensus estimate of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.Victory Capital’s revenue for the quarter was up 61.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 earnings per share. Equities analysts forecast that Victory Capital will post 6.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Victory Capital

Hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its stake in Victory Capital by 2,131.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares during the last quarter. Core Wealth Advisors LLC bought a new position in shares of Victory Capital during the 4th quarter worth about $30,000. Covestor Ltd increased its holdings in shares of Victory Capital by 99.7% during the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after purchasing an additional 334 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Victory Capital by 48.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after buying an additional 246 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Victory Capital by 146.4% during the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock valued at $54,000 after buying an additional 511 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.