Victory Capital (NASDAQ:VCTR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm currently has a $8.75 price objective on the stock. Zacks Investment Research‘s price target indicates a potential upside of 9.38% from the company’s current price.

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. “

A number of other analysts have also recently issued reports on the stock. Morgan Stanley raised their target price on shares of Victory Capital from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, October 9th. Keefe, Bruyette & Woods upgraded shares of Victory Capital from a “market perform” rating to an “outperform” rating and set a $12.50 target price for the company in a research note on Tuesday, September 25th. Sandler O’Neill set a $11.00 target price on shares of Victory Capital and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Royal Bank of Canada restated a “buy” rating and set a $13.00 target price on shares of Victory Capital in a research note on Wednesday, August 8th. Finally, Barclays cut their target price on shares of Victory Capital from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $13.25.

NASDAQ VCTR opened at $8.00 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.68. The stock has a market cap of $647.83 million and a PE ratio of 6.40. Victory Capital has a 52-week low of $7.80 and a 52-week high of $13.50.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Tuesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $104.40 million for the quarter, compared to analyst estimates of $106.12 million. As a group, equities research analysts expect that Victory Capital will post 1.55 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Element Capital Management LLC bought a new position in Victory Capital during the first quarter worth about $138,000. Jane Street Group LLC bought a new position in Victory Capital during the first quarter worth about $139,000. Bank of Montreal Can bought a new position in Victory Capital during the third quarter worth about $128,000. BlackRock Inc. bought a new position in Victory Capital during the first quarter worth about $285,000. Finally, Northern Trust Corp bought a new position in Victory Capital during the first quarter worth about $292,000. 16.23% of the stock is currently owned by institutional investors and hedge funds.

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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