Victory Capital (NASDAQ:VCTR) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday, 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. “

A number of other research analysts also recently commented on VCTR. B. Riley reaffirmed a “buy” rating on shares of RumbleON in a report on Tuesday, July 2nd. Royal Bank of Canada increased their price target on shares of Victory Capital to $19.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Bank of America set a $18.00 price target on shares of Victory Capital and gave the company a “buy” rating in a report on Tuesday, April 2nd. Morgan Stanley set a €37.50 ($43.60) price target on shares of Deutsche Post and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Oppenheimer set a $12.00 price target on shares of CymaBay Therapeutics and gave the company a “buy” rating in a report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $16.19.

Shares of NASDAQ:VCTR opened at $18.54 on Tuesday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.57. Victory Capital has a 12 month low of $7.27 and a 12 month high of $19.96. The firm has a 50-day simple moving average of $17.58. The company has a market cap of $1.27 billion, a P/E ratio of 12.70 and a beta of 1.60.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Victory Capital had a net margin of 17.10% and a return on equity of 23.34%. The firm had revenue of $87.48 million during the quarter, compared to the consensus estimate of $91.04 million. As a group, equities research analysts predict that Victory Capital will post 2.26 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in VCTR. Penserra Capital Management LLC bought a new stake in Victory Capital in the first quarter worth about $33,000. Globeflex Capital L P bought a new stake in Victory Capital in the first quarter worth about $90,000. O Shaughnessy Asset Management LLC bought a new stake in Victory Capital in the first quarter worth about $139,000. Nordea Investment Management AB bought a new stake in Victory Capital in the fourth quarter worth about $189,000. Finally, First Trust Advisors LP lifted its stake in Victory Capital by 32.3% in the fourth quarter. First Trust Advisors LP now owns 25,929 shares of the company’s stock worth $265,000 after purchasing an additional 6,328 shares during the last quarter. 14.65% of the stock is owned by institutional investors and hedge funds.

About Victory Capital

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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