Victory Capital (NASDAQ:VCTR) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Victory Capital (NASDAQ:VCTR) from a buy rating to a hold rating in a research report report published on Monday morning.

Several other brokerages have also recently weighed in on VCTR. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Morgan Stanley reduced their price target on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their price target on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Barclays set a $69.00 price target on Victory Capital in a research report on Friday, February 6th. Finally, Royal Bank Of Canada boosted their price target on Victory Capital from $78.00 to $84.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $75.38.

Victory Capital Price Performance

Shares of VCTR stock opened at $66.82 on Monday. Victory Capital has a twelve month low of $50.78 and a twelve month high of $77.78. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 0.66 and a beta of 1.04. The stock has a fifty day simple moving average of $69.85 and a two-hundred day simple moving average of $66.47. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.40.

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

Victory Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, March 10th. Victory Capital’s payout ratio is presently 48.16%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. increased its position in Victory Capital by 48.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,880 shares of the company’s stock valued at $119,000 after buying an additional 613 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in Victory Capital by 19,350.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after buying an additional 387 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in Victory Capital during the 4th quarter valued at about $62,000. Mercer Global Advisors Inc. ADV increased its position in Victory Capital by 5.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,190 shares of the company’s stock valued at $454,000 after buying an additional 375 shares in the last quarter. Finally, Caitlin John LLC acquired a new position in Victory Capital during the 4th quarter valued at about $386,000. 87.71% of the stock is owned by institutional investors.

About Victory Capital

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.