Victory Capital (NASDAQ:VCTR - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.
Other analysts also recently issued reports about the stock. B. Riley increased their price objective on shares of Victory Capital from $74.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Barclays raised their price target on shares of Victory Capital from $62.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Bank of America raised their price target on shares of Victory Capital from $83.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $76.00 price target on shares of Victory Capital in a report on Tuesday, September 23rd. Finally, Morgan Stanley raised their price target on shares of Victory Capital from $67.00 to $69.00 and gave the company a "positive" rating in a report on Monday. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.00.
View Our Latest Report on Victory Capital
Victory Capital Trading Up 1.4%
Shares of Victory Capital stock traded up $0.91 during trading on Wednesday, reaching $67.37. The company's stock had a trading volume of 351,048 shares, compared to its average volume of 732,568. Victory Capital has a 52-week low of $47.00 and a 52-week high of $73.42. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 0.67 and a beta of 1.07. The firm's 50-day moving average is $68.94 and its two-hundred day moving average is $64.16. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.39.
Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.10. Victory Capital had a net margin of 27.18% and a return on equity of 26.46%. The company had revenue of $351.21 million during the quarter, compared to analyst estimates of $348.89 million. During the same period in the prior year, the business posted $1.31 EPS. The firm's revenue was up 59.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Victory Capital will post 6.16 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Victory Capital by 3.3% in the first quarter. Vanguard Group Inc. now owns 4,095,276 shares of the company's stock valued at $236,994,000 after acquiring an additional 129,055 shares in the last quarter. Amundi purchased a new position in Victory Capital in the second quarter valued at about $213,219,000. Bahl & Gaynor Inc. grew its stake in Victory Capital by 17.2% in the first quarter. Bahl & Gaynor Inc. now owns 1,825,998 shares of the company's stock valued at $105,671,000 after purchasing an additional 268,573 shares during the last quarter. Geode Capital Management LLC grew its stake in Victory Capital by 26.5% in the second quarter. Geode Capital Management LLC now owns 1,359,120 shares of the company's stock valued at $86,545,000 after purchasing an additional 285,137 shares during the last quarter. Finally, State Street Corp grew its stake in Victory Capital by 3.3% in the second quarter. State Street Corp now owns 1,239,361 shares of the company's stock valued at $78,910,000 after purchasing an additional 39,986 shares during the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.
Victory Capital Company Profile
(
Get Free Report)
Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.
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