Victory Capital (NASDAQ:VCTR) Hits New 1-Year High - Time to Buy?

Key Points

• Victory Capital (VCTR) reached a new 52-week high of $81.29 intra-day (last $81.26) on Wednesday, with about 525,989 shares traded versus a prior close of $78.16.
• Analyst sentiment is mixed—five Buys, three Holds and one Sell—giving a consensus rating of "Hold" and an average price target of $78.29, though several firms recently raised their targets.
• The company beat its most recent quarter estimates (EPS $1.78 vs. $1.66 expected; revenue $374.12M, up 61% YoY), has a market cap of ~$5.2B and a P/E around 20, with institutional investors owning roughly 87.7% of the shares.

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $81.29 and last traded at $81.26, with a volume of 525989 shares trading hands. The stock had previously closed at $78.16.

Wall Street Analysts Forecast Growth

VCTR has been the topic of several recent analyst reports. Barclays increased their price objective on shares of Victory Capital from $69.00 to $74.00 and gave the stock a "negative" rating in a report on Friday, April 17th. JPMorgan Chase & Co. increased their price objective on shares of Victory Capital from $71.00 to $72.00 and gave the stock a "neutral" rating in a report on Monday, April 20th. Morgan Stanley set a $76.00 price objective on shares of Victory Capital in a report on Friday. Weiss Ratings reiterated a "buy (b)" rating on shares of Victory Capital in a report on Monday, April 20th. Finally, Royal Bank Of Canada increased their price objective on shares of Victory Capital from $78.00 to $84.00 and gave the stock an "outperform" rating in a report on Tuesday, February 10th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $78.29.

Victory Capital Stock Performance

The stock's 50-day moving average is $70.04 and its 200-day moving average is $67.41. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 1.15 and a beta of 1.09. 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 - Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.12. The firm had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. Victory Capital had a net margin of 25.27% and a return on equity of 21.86%. The company's revenue was up 61.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 EPS. On average, analysts expect that Victory Capital Holdings, Inc. will post 6.62 EPS for the current year.

Institutional Trading of Victory Capital

Several large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in Victory Capital by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 14,937 shares of the company's stock valued at $969,000 after acquiring an additional 1,543 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Victory Capital by 9.8% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 56,100 shares of the company's stock worth $3,668,000 after buying an additional 5,000 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Victory Capital by 1,586.1% during the first quarter. Fifth Third Bancorp now owns 22,661 shares of the company's stock worth $1,484,000 after buying an additional 21,317 shares in the last quarter. Moran Wealth Management LLC grew its position in shares of Victory Capital by 2.9% during the first quarter. Moran Wealth Management LLC now owns 32,415 shares of the company's stock worth $2,123,000 after buying an additional 912 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Victory Capital during the first quarter worth approximately $393,000. Institutional investors and hedge funds own 87.71% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.