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

Key Points

• Downgraded: Wall Street Zen cut Victory Capital (NASDAQ:VCTR) from a "buy" to a "hold" rating in a report issued Monday.
• Analysts are split (five Buy, five Hold) with an overall average rating of Moderate Buy and an average price target of $75.38; Royal Bank of Canada notably raised its target to $84 and kept an "outperform" view.
• Beat expectations: Victory Capital reported quarterly EPS of $1.78 vs. $1.66 expected and revenue of $374.1M vs. $371.1M, with revenue up 61% year-over-year and strong margins (net margin 25.27%, ROE 21.86%).

Victory Capital (NASDAQ:VCTR - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Monday.

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

Victory Capital Stock Performance

Shares of VCTR stock opened at $62.93 on Monday. The stock has a market cap of $4.03 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.66 and a beta of 1.04. The stock has a 50-day moving average of $70.14 and a 200-day moving average of $66.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.47 and a quick ratio of 1.47. Victory Capital has a one year low of $47.00 and a one year high of $77.78.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.12. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The firm had revenue of $374.12 million during the quarter, compared to analysts' expectations of $371.09 million. During the same quarter in the previous year, the company earned $1.45 earnings per share. The business's revenue for the quarter was up 61.0% on a year-over-year basis. As a group, sell-side analysts expect that Victory Capital will post 6.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VCTR. Planned Solutions Inc. lifted its holdings in Victory Capital by 4.6% during the 4th quarter. Planned Solutions Inc. now owns 3,546 shares of the company's stock valued at $224,000 after purchasing an additional 155 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Victory Capital by 1.6% during the 2nd quarter. Baird Financial Group Inc. now owns 10,332 shares of the company's stock worth $658,000 after buying an additional 163 shares during the last quarter. McIlrath & Eck LLC lifted its stake in shares of Victory Capital by 2.0% during the 3rd quarter. McIlrath & Eck LLC now owns 10,056 shares of the company's stock worth $651,000 after buying an additional 196 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Victory Capital by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 11,892 shares of the company's stock worth $757,000 after buying an additional 217 shares during the period. Finally, CWM LLC boosted its holdings in shares of Victory Capital by 29.0% during the 3rd quarter. CWM LLC now owns 973 shares of the company's stock worth $63,000 after buying an additional 219 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

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.

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